"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. 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."
"A monthly check from your stock portfolio makes sense for most people with bills and expenses due every 30 days, especially in a world where prices are consistently rising. Items such as mortgage payments, rent, utility bills, cell phone and internet bills, trash collection, and even grocery bills are always due each month. A steady stream of passive monthly income can be a huge help in meeting those obligations."
"We screened our 24/7 Wall Street research database for high-quality companies, rated Buy by major Wall Street firms, that pay monthly dividends. Five seem like great ideas for Baby Boomer passive income-oriented investors seeking upside appreciation. They are also regarded as among the safest monthly pay companies, one of which has paid dividends for over 30 years. Why do we cover monthly dividend stocks? Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciation has contributed 68%."
Full retirement age is 66 for people born from 1943 to 1954, increases gradually for those born from 1955 to 1960, and is 67 for anyone born in 1960 or later. Social Security alone will likely not provide a comfortable retirement for many Baby Boomers and near-retirees. Passive income from investments can increase overall monthly income. Monthly dividend payments align with common monthly expenses such as mortgage, rent, utilities, and groceries, helping meet those obligations. Five high-quality companies that pay monthly dividends and are rated Buy by major Wall Street firms offer potential for secure passive income and upside appreciation. Since 1926, dividends have contributed roughly 32% of S&P 500 total returns.
Read at 24/7 Wall St.
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