"According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. It can also include income from limited partnerships, stocks, bonds, and other similar enterprises in which the investor is not actively involved. These days, investors, especially those nearing retirement, seek passive income streams to supplement Social Security, pension income, or qualified retirement account withdrawals."
"The more passive income investors have to cover rising costs-such as mortgages, insurance, taxes, and other expenses-the easier it is for them to set aside money for future needs as they prepare for retirement. Dependable recurring dividends from quality, high-yield stocks are a recipe for success. We screened our 24/7 Wall St. high-yield dividend stock database, looking for companies that pay a dividend of 6% or higher, deemed safe for investors."
Passive income includes earnings from rental activity, trades, businesses, or investments in which the individual does not materially participate, including limited partnerships, stocks, and bonds. Many investors nearing retirement seek passive income streams to supplement Social Security, pension income, or qualified retirement-account withdrawals. Dependable recurring dividends from quality, high-yield stocks can help cover rising expenses and enable saving for future needs. High-yield dividend stocks paying 6% or higher can suit growth and income investors when screened for dividend longevity, company longevity, and overall risk-reward. Consultation with a financial advisor is recommended for portfolio fit.
Read at 24/7 Wall St.
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