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Most retirees are looking for investments that will generate some low-risk income. While bonds and bank CDs can accomplish that goal, most pay unappealing yields due to lower interest rates. That's where dividend-paying stocks can come into play since some pay very attractive yields.
While those payouts often come with more risk, investors do have several less risky options. Three ideal ones for retirees to consider are pipeline giantONEOK(NYSE: OKE), renewable energy producer TerraForm Power(NASDAQ: TERP), and utilityDuke Energy(NYSE: DUK).