Wealthy Living

Top Stocks Retirement Portfolio: Here are 11 Best Stocks to Buy Now

Retirees have a different set of challenges in their investment planning, than other groups of investors.

Investors in or nearing retirement might have to consider income replacement as a key component of their investment decisions. After all, retirees no longer have a regular paycheck from working to rely on.

In addition to traditional sources of retirement income such as pensions and/or Social Security, retirees can boost their ‘retirement paycheck’ income with dividend stocks.

This article will discuss 11 top stocks to start your retirement portfolio, with an introduction detailing why income investors might want to invest in high-yield stocks.

High-Yield Stocks Overview

High dividend stocks are especially interesting right now, in the climate of record high stock prices and historically low interest rates.

For example, the average yield of the S&P 500 Index is just 1.6% currently, a fairly unimpressive yield for investors who want to generate income from their stock portfolio.

But it turns out that a certain dollar amount is misleading if you don't factor in your projected retirement expenses and what your related cash flow might be.

High-Yield Retirement Stock #11: Costco Wholesale (COST)

Costco is a wholesale retailer, operating more than 820 stores worldwide. Costco charges members a membership fee, providing consistent and predictable cash flow and reducing reliance on product profit margins.

High-Yield Retirement Stock #10: Cisco Systems (CSCO)

Cisco (CSCO) is not a stock most investors consider for retirement income. The company only started to pay a dividend in 2011.

However, the networking giant has attractive dividend attributes. The 2022 bear market has punished the stock price, and it is down ~30% year-to-date lowering the valuation and increasing the dividend yield.

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