3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income

Believe it or not, seniors fear running out of cash more than they fear dying. And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans. Retirement investing approaches of the past don't work today.

As a replacement for low yielding Treasury bonds (and other bond options), we believe dividend-paying stocks from high quality companies offer low risk and stable, predictable income investors in retirement seek. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio. American Eagle Outfitters (AEO) is currently shelling out a dividend of $0.14 per share, with a dividend yield of 3.33%. General Mills (GIS) is paying out a dividend of 0.49 per share at the moment, with a dividend yield of 3.8%. Currently paying a dividend of 0.4 per share, Legg Mason (LM) has a dividend yield of 4.09%.

Source: NASDAQ

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