Times are tough for seniors, savers and income investors. The Fed’s zero-interest-rate policy (ZIRP) has wreaked havoc on average investors. One-year CDs currently pay an average 1.25% and money market accounts pay an average of 0.11%. Average investors just can’t afford to live on Social Security and those minuscule yields.
However, there is one way to smooth out the wrinkles in the monthly budget and cope with the ongoing bills. You can add some monthly dividend payers to your portfolio. I’ve identified three stocks that will give you a second, reliable paycheck to supplement your Social Security check and/or your salary.
Continue reading to look closer to those three…