In the US, maintaining financial stability after retirement is challenging and calls for careful planning and portfolio rebalancing. Retirement expenses, according to 44% of retirees, are greater than anticipated. At retirement, 57% of people have less than $250,000 saved, when a comfortable retirement requires $1.1 million. To boost their long-term profitability, retirees should think about rebalancing their investments. The greatest way to rebalance portfolios, which would be useful to withstand the current clampdown, is through a diversified approach. High-yield dividend stocks are seen to be a good choice since they function as an inflation hedge.
Insider Monkey highlighted the 10 best high-yield dividend stocks for retirees in 2022. A diverse energy corporation with headquarters in South Dakota is called Black Hills Corporation. In the utility sector, the corporation has one of the longest histories of dividend growth. It has a yield of 3.01% and pays a quarterly dividend of $0.595 per share. Diversified energy firm Black Hills Corporation is based in South Dakota. One of the longest dividend growth records in the utility industry is maintained by the corporation. It yields 3.01% and distributes a quarterly dividend of $0.59 per share. A Georgia-based bakery company called Flowers Foods, Inc. manufactures and sells packaged baked goods. The company was included in 24 hedge fund portfolios at the end of Q2 2022 as opposed to 25 a quarter earlier. In August, Deutsche Bank commended Cisco Systems, Inc. for its positive messaging about client demand and top-line trends. During the quarter, the company was able to return approximately $4 billion to shareholders because of its robust cash flow creation. American multinational manufacturer Kimberly-Clark Corporation creates consumer goods made of paper. The business has a 49-year history of steadily increasing dividends. Kimberly-Clark has a yield of 3.39% and pays a quarterly dividend of $1.16 per share. For more details, click 10 Best High-Yield Dividend Stocks For Retirees In 2022.