3 Reasons to Invest in Dividend-Paying Stocks for Retirement

As a retiree, your main financial goal should be to generate enough income through sources like Social Security, savings, and investments to keep up with your living expenses -- preferably without eating too heavily into your assets. In fact, having a portfolio of assets that can generate steady income becomes increasingly important as retirees age and their ability to hold down even part-time jobs starts to wane. While that can make dividend stocks a really smart investment for people of any age, here are a few reasons why they're particularly suited to retirees.