VZ - 10 High-Yield Blue Chips To Safely Double Your Retirement Income

• 700 years of falling interest rates have resulted in many retirees scrambling to generate enough income to fund expenses during their golden years.
• A 60/40 portfolio now yields 1.6%, and that's not expected to improve much for the foreseeable future.
• Fortunately, high-yield blue chips can help you significantly increase your income while reducing your risk, rather than "reaching for yield" and taking on more risk than is appropriate for you.
• TRP, SJI, IBM, BNS, MFC, VZ, HIW, PRU, ABBV, and PNW are all reasonably to attractively valued and yield 4.7% today and are expected to deliver 11.3% CAGR long-term returns.
• Combining these 10 high-yield blue chips allows conservative retirees to build a 50/50 stock/bond portfolio that yields 3.3%, twice that of a 60/40 portfolio.

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