"While reaching retirement age can be both a blessing and a curse, relying on the U.S. government to provide for your needs is not the best idea. The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually for those born from 1955 to 1960, reaching 67. For anyone born in 1960 or later, full retirement benefits are payable at age 67."
"Baby Boomers and those nearing retirement are likely aware that Social Security alone will not provide a comfortable retirement, so passive income can be a significant help in increasing overall monthly income. Market-savvy Baby Boomers are turning to some of our favorite top secret high-yield dividend stocks that fly way under the radar but deliver hefty passive income streams."
Full retirement age is 66 for people born from 1943 to 1954, increases gradually for those born 1955–1960, and is 67 for anyone born in 1960 or later. Social Security alone often will not provide a comfortable retirement, so passive income can significantly increase monthly income. The IRS defines passive income to include earnings from rental activity, limited partnerships, stocks, bonds, and other investments where the investor does not materially participate. Screening of a high-yield dividend stock database identified five under-the-radar companies that pay elevated dividends and carry Buy ratings from major Wall Street firms. Dividends have contributed roughly 32% of S&P 500 total returns since 1926.
Read at 24/7 Wall St.
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