<p>这是一个令人震惊的统计数据：年长的美国人更害怕钱用完，而不是死亡本身。</p>
<p>即使年长的美国人为了他们的黄金岁月而努力储蓄，他们对这种担忧也有正当理由。这是因为传统的退休管理方式可能无法提供足够的收入来满足开支，而人们普遍活得更长，主要的退休储蓄在退休初期就耗尽了。</p>
<h2>在今天的经济环境中，传统的收入投资并不起作用。</h2>
<p>过去，进入退休的投资者可以投资于债券，并依靠吸引人的收益率来产生稳定、可靠的收入流，以资助可预测的退休生活。1990 年代末，10 年期国债的利率徘徊在 6.50% 左右，而目前的利率要低得多。</p>
<p>虽然这种收益率的下降看起来并不剧烈，但累积起来的影响是显著的：对于 100 万美元的 10 年期国债投资，利率下降意味着收益率差异超过 100 万美元。</p>
<p>除了债券收益率的显著下降，今天的退休人员对未来的社会保障福利感到紧张。由于某些人口因素，预计支付社会保障福利的基金将在 2035 年耗尽。</p>
<p>那么退休人员该怎么办呢？你可以将开支削减到最低，并冒着社会保障支票缩水的风险。或者你可以寻找一种替代投资，提供稳定的高收益收入流，以替代逐渐减少的债券收益。</p>
<h2>投资于分红股票</h2>
<p>作为低收益国债（和其他债券选择）的替代品，我们认为来自高质量公司的分红股票为退休投资者提供了低风险和稳定、可预测的收入。</p>
<p>寻找那些多年来（或几十年）持续支付稳定、增加分红的股票，并且即使在经济衰退期间也没有削减分红。</p>
<p>寻找稳健的收入产生股票的经验法则是，寻求那些平均分红收益率为 3% 且每年分红增长为正的股票。这些股票可以通过随时间推移提高分红来帮助对抗通货膨胀。</p>
<p>以下是退休人员应考虑纳入其养老金投资组合的三只分红股票。</p>
<p><strong>Cullen/Frost Bankers (CFR)</strong> 目前每股支付 1.00 美元的分红，分红收益率为 3.34%。这与西南银行业的 0.83% 收益率和标准普尔 500 的 1.55% 收益率相比。该公司过去一年的年化分红增长为 8.7%。查看 Cullen/Frost Bankers 的分红历史&gt;&gt;&gt;</p>
<p><strong>First Financial Bancorp (FFBC)</strong> 目前每股支付 0.25 美元的分红，分红收益率为 4.30%，与中西部银行业的 2.71% 收益率和标准普尔 500 的收益率相比。该公司的年化分红增长在过去一年为 4.35%。查看 First Financial Bancorp 的分红历史&gt;&gt;&gt;</p>
<p><strong>German American Bancorp (GABC)</strong> 目前每股支付 0.29 美元的分红，分红收益率为 3.04%。这与中西部银行业的 2.71% 收益率和标准普尔 500 的当前收益率相比。该公司过去一年的年化分红增长为 7.41%。查看 German American Bancorp 的分红历史&gt;&gt;&gt;</p>
<h2>但股票一般不是比债券更有风险吗？</h2>
<p>总体来说，确实如此。但股票是一个广泛的类别，通过选择能够产生定期、可预测收入的高质量分红股票，可以显著降低风险，并且相较于整体股市，可以减少投资组合的波动性。</p>
<p>拥有分红股票的一个好处是，许多公司，尤其是蓝筹股，随着时间的推移会增加分红，帮助抵消通货膨胀对潜在退休收入的影响。</p>
<h2>考虑投资于以分红为重点的共同基金或 ETF？注意费用。</h2>
<p>如果你更喜欢投资于基金或 ETF 而不是个别股票，你仍然可以追求分红收入策略。然而，了解每个基金或 ETF 收取的费用非常重要，这可能会最终减少你的分红收入，影响你的策略。在投资之前，做好功课，确保你了解任何基金收取的费用。</p>
<h2>结论</h2>
<p>无论你选择高质量、低费用的基金还是股票，寻求分红股票的稳定收入可能为你提供一条更好、更无压力的退休之路。</p>
<p>想要获取 Zacks 投资研究的最新推荐吗？今天，你可以下载未来 30 天的 7 只最佳股票。点击获取这份免费报告</p>
<p>Cullen/Frost Bankers, Inc. (CFR)：免费股票分析报告</p>
<p>本文最初发表于 Zacks 投资研究（zacks.com）。</p>
<p>Zacks 投资研究</p>

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<p>这篇文章讨论了退休人员在传统收入投资中面临的挑战，并建议以支付股息的股票作为解决方案。文章强调了三只排名靠前的股息股票：Cullen/Frost Bankers、First Financial Bancorp 和 German American Bancorp，它们提供的收益率高于行业平均水平。文章强调选择高质量股息股票的重要性，以产生稳定的收入并降低投资组合的波动性。同时，文章也建议对以股息为重点的共同基金或 ETF 保持谨慎，因为可能会产生费用</p>

<p>Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself.</p>
<div class="lb-trans"><p>这是一个令人震惊的统计数据：年长的美国人更害怕钱用完，而不是死亡本身。</p>
</div><p>And older Americans have legitimate reasons for this worry, even if they have dutifully saved for their golden years. That\s because the traditional ways people manage retirement may no longer provide enough income to meet expenses- and with people generally living longer, the principal retirement savings is exhausted far too early in the retirement period.</p>
<div class="lb-trans"><p>即使年长的美国人为了他们的黄金岁月而努力储蓄，他们对这种担忧也有正当理由。这是因为传统的退休管理方式可能无法提供足够的收入来满足开支，而人们普遍活得更长，主要的退休储蓄在退休初期就耗尽了。</p>
</div><h2>In today's economic environment, traditional income investments are not working.</h2>
<div class="lb-trans"><h2>在今天的经济环境中，传统的收入投资并不起作用。</h2>
</div><p>In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. 10-year Treasury bond rates in the late 1990s hovered around 6.50%, whereas the current rate is much lower.</p>
<div class="lb-trans"><p>过去，进入退休的投资者可以投资于债券，并依靠吸引人的收益率来产生稳定、可靠的收入流，以资助可预测的退休生活。1990 年代末，10 年期国债的利率徘徊在 6.50% 左右，而目前的利率要低得多。</p>
</div><p>While this yield reduction may not seem drastic, it adds up: for a $1 million investment in 10-year Treasuries, the rate drop means a difference in yield of more than $1 million.</p>
<div class="lb-trans"><p>虽然这种收益率的下降看起来并不剧烈，但累积起来的影响是显著的：对于 100 万美元的 10 年期国债投资，利率下降意味着收益率差异超过 100 万美元。</p>
</div><p>In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.</p>
<div class="lb-trans"><p>除了债券收益率的显著下降，今天的退休人员对未来的社会保障福利感到紧张。由于某些人口因素，预计支付社会保障福利的基金将在 2035 年耗尽。</p>
</div><p>So what's a retiree to do? You could cut your expenses to the bone, and take the risk that your Social Security checks don't shrink. Or you could find an alternative investment that provides a steady, higher-rate income stream to replace dwindling bond yields.</p>
<div class="lb-trans"><p>那么退休人员该怎么办呢？你可以将开支削减到最低，并冒着社会保障支票缩水的风险。或者你可以寻找一种替代投资，提供稳定的高收益收入流，以替代逐渐减少的债券收益。</p>
</div><h2>Invest in Dividend Stocks</h2>
<div class="lb-trans"><h2>投资于分红股票</h2>
</div><p>As a replacement for low yielding Treasury bonds (and other bond options), we believe dividend-paying stocks from high quality companies offer low risk and stable, predictable income investors in retirement seek.</p>
<div class="lb-trans"><p>作为低收益国债（和其他债券选择）的替代品，我们认为来自高质量公司的分红股票为退休投资者提供了低风险和稳定、可预测的收入。</p>
</div><p>Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.</p>
<div class="lb-trans"><p>寻找那些多年来（或几十年）持续支付稳定、增加分红的股票，并且即使在经济衰退期间也没有削减分红。</p>
</div><p>A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.</p>
<div class="lb-trans"><p>寻找稳健的收入产生股票的经验法则是，寻求那些平均分红收益率为 3% 且每年分红增长为正的股票。这些股票可以通过随时间推移提高分红来帮助对抗通货膨胀。</p>
</div><p>Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.</p>
<div class="lb-trans"><p>以下是退休人员应考虑纳入其养老金投资组合的三只分红股票。</p>
</div><p><strong>Cullen/Frost Bankers (CFR)</strong> is currently shelling out a dividend of $1.00 per share, with a dividend yield of 3.34%. This compares to the Banks - Southwest industry's yield of 0.83% and the S&amp;P 500's yield of 1.55%. The company's annualized dividend growth in the past year was 8.7%. Check Cullen/Frost Bankers dividend history here&gt;&gt;&gt;</p>
<div class="lb-trans"><p><strong>Cullen/Frost Bankers (CFR)</strong> 目前每股支付 1.00 美元的分红，分红收益率为 3.34%。这与西南银行业的 0.83% 收益率和标准普尔 500 的 1.55% 收益率相比。该公司过去一年的年化分红增长为 8.7%。查看 Cullen/Frost Bankers 的分红历史&gt;&gt;&gt;</p>
</div><p><strong>First Financial Bancorp (FFBC)</strong> is paying out a dividend of $0.25 per share at the moment, with a dividend yield of 4.30% compared to the Banks - Midwest industry's yield of 2.71% and the S&amp;P 500's yield. The annualized dividend growth of the company was 4.35% over the past year. Check First Financial Bancorp dividend history here&gt;&gt;&gt;</p>
<div class="lb-trans"><p><strong>First Financial Bancorp (FFBC)</strong> 目前每股支付 0.25 美元的分红，分红收益率为 4.30%，与中西部银行业的 2.71% 收益率和标准普尔 500 的收益率相比。该公司的年化分红增长在过去一年为 4.35%。查看 First Financial Bancorp 的分红历史&gt;&gt;&gt;</p>
</div><p>Currently paying a dividend of $0.29 per share, <strong>German American Bancorp (GABC)</strong> has a dividend yield of 3.04%. This is compared to the Banks - Midwest industry's yield of 2.71% and the S&amp;P 500's current yield. Annualized dividend growth for the company in the past year was 7.41%. Check German American Bancorp dividend history here&gt;&gt;&gt;</p>
<div class="lb-trans"><p><strong>German American Bancorp (GABC)</strong> 目前每股支付 0.29 美元的分红，分红收益率为 3.04%。这与中西部银行业的 2.71% 收益率和标准普尔 500 的当前收益率相比。该公司过去一年的年化分红增长为 7.41%。查看 German American Bancorp 的分红历史&gt;&gt;&gt;</p>
</div><h2>But aren't stocks generally more risky than bonds?</h2>
<div class="lb-trans"><h2>但股票一般不是比债券更有风险吗？</h2>
</div><p>Overall, that is true. But stocks are a broad class, and you can reduce the risks significantly by selecting high-quality dividend stocks that can generate regular, predictable income and can also decrease the volatility of your portfolio compared to the overall stock market.</p>
<div class="lb-trans"><p>总体来说，确实如此。但股票是一个广泛的类别，通过选择能够产生定期、可预测收入的高质量分红股票，可以显著降低风险，并且相较于整体股市，可以减少投资组合的波动性。</p>
</div><p>A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income.</p>
<div class="lb-trans"><p>拥有分红股票的一个好处是，许多公司，尤其是蓝筹股，随着时间的推移会增加分红，帮助抵消通货膨胀对潜在退休收入的影响。</p>
</div><h2>Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.</h2>
<div class="lb-trans"><h2>考虑投资于以分红为重点的共同基金或 ETF？注意费用。</h2>
</div><p>If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.</p>
<div class="lb-trans"><p>如果你更喜欢投资于基金或 ETF 而不是个别股票，你仍然可以追求分红收入策略。然而，了解每个基金或 ETF 收取的费用非常重要，这可能会最终减少你的分红收入，影响你的策略。在投资之前，做好功课，确保你了解任何基金收取的费用。</p>
</div><h2>Bottom Line</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>Whether you select high-quality, low-fee funds or stocks, seeking the steady income of dividend-paying equities can potentially offer you a path to a better and more stress-free retirement.</p>
<div class="lb-trans"><p>无论你选择高质量、低费用的基金还是股票，寻求分红股票的稳定收入可能为你提供一条更好、更无压力的退休之路。</p>
</div><p>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report</p>
<div class="lb-trans"><p>想要获取 Zacks 投资研究的最新推荐吗？今天，你可以下载未来 30 天的 7 只最佳股票。点击获取这份免费报告</p>
</div><p>Cullen/Frost Bankers, Inc. (CFR) : Free Stock Analysis Report</p>
<div class="lb-trans"><p>Cullen/Frost Bankers, Inc. (CFR)：免费股票分析报告</p>
</div><p>This article originally published on Zacks Investment Research (zacks.com).</p>
<div class="lb-trans"><p>本文最初发表于 Zacks 投资研究（zacks.com）。</p>
</div><p>Zacks Investment Research</p>
<div class="lb-trans"><p>Zacks 投资研究</p>
</div>

三只顶级红利股票：提升退休收入的更明智方法