When you are retired, your investment risk profile changes, as does your need for income. You want the highest-dividend stocks you can get while still not assuming too much risk. After all, dividend income is a key pillar of retirement investing strategy because retired folks aren’t earning that regular paycheck any more.
The highest-dividend stocks used to be telecom-driven, and that hasn’t changed too much. However, many new securities have entered the market to give those lofty yields some competition. Some offer higher yields with less risk. Others seemed exotic to retirement investors merely a couple years ago, but have become much more mainstream as the Fed’s quantitative easing program has pushed people further out on the risk curve as bond yields have dried up.
Here are five suggestions for the highest-dividend stocks that balance risk with that all-important dividend payment.