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5 Proven Stocks to Boost Your Retirement Income with Passive Wealth

Boomers Looking for Passive Income Can Buy 5 Safe High-Yield Monthly Income Stocks

Boomers Looking for Passive Income Can Buy 5 Safe High-Yield Monthly Income Stocks

As we age, many of us begin to think about securing our financial futures and ensuring that we have enough passive income to support ourselves in retirement. The good news is that there are several safe and high-yield monthly income stocks available that can help you achieve this goal.

But before we dive into the top 5 picks, let's talk about why it's essential to prioritize your finances as you approach retirement. With TogetherBudget, you can easily track your expenses, create a budget, and plan for the future with confidence.

Why High-Yield Monthly Income Stocks Matter

High-yield monthly income stocks offer several benefits, including:

  • Regular income: These stocks pay out dividends on a regular schedule, providing a predictable stream of income.

  • Low risk: Many high-yield monthly income stocks are considered low-risk investments, as they typically have a stable financial history and a strong track record of paying out dividends.

  • Diversification: Investing in a mix of different asset classes, including stocks, bonds, and real estate, can help you diversify your portfolio and reduce your overall risk.

The Top 5 Safe High-Yield Monthly Income Stocks

Here are our top picks for safe high-yield monthly income stocks:

1. Realty Income Corporation (O)

  • Dividend yield: 4.3%

  • Payout ratio: 74.2%

  • Industry: Real Estate Investment Trusts

Realty Income is a well-established real estate investment trust that has been paying out dividends for over 50 years.

2. National Retail Properties (NNN)

  • Dividend yield: 4.1%

  • Payout ratio: 85.6%

  • Industry: Real Estate Investment Trusts

National Retail Properties is another established REIT with a long history of paying out consistent dividends.

3. AGNC Investment Corp (AGNC)

  • Dividend yield: 11.4%

  • Payout ratio: 103.2%

  • Industry: Mortgage-Backed Securities

AGNC Investment Corp is a mortgage real estate investment trust that has been paying out high yields for several years.

4. Annaly Capital Management (NLY)

  • Dividend yield: 12.1%

  • Payout ratio: 104.5%

  • Industry: Mortgage-Backed Securities

Annaly Capital Management is a mortgage real estate investment trust that has been paying out high yields for several years.

5. STAG Industrial, Inc (STAG)

  • Dividend yield: 4.2%

  • Payout ratio: 82.1%

  • Industry: Real Estate Investment Trusts

STAG Industrial is a well-established REIT with a long history of paying out consistent dividends.

Conclusion

Investing in high-yield monthly income stocks can be a great way to generate passive income and support yourself in retirement. With TogetherBudget, you can easily track your expenses, create a budget, and plan for the future with confidence. By prioritizing your finances and investing in safe and stable dividend-paying stocks, you can achieve peace of mind and financial security in your golden years.

By Malik Abualzait

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