In today’s low interest rate environment, many retirees are looking at stock dividends as a potentially better source of income than bond interest. While the potential is certainly there, income seeking investors should be wary that their supposedly juicy payouts may turn into dividend traps that steal their much needed retirement capital.
Still, it may be possible to earn $1,000 or more in monthly retirement dividends. These six easy steps can help you along the path. Just be sure to recognize and balance the risks with the potential rewards so that you can maximize your chances of success.