While getting to retirement age can be a blessing and a curse, the reality of counting on the U.S. government to provide for your needs is not the best idea. The full retirement age is 66 if you were born from 1943 to 1954.

Read here for 5 dividend stocks that offer a rare combination of high yields, wide moats, strong balance sheets, and growing payouts for a lifetime of passive income.

Investing in exchange-traded funds (ETFs) is one of the easiest ways to start generating passive income. You don't have to manage a portfolio of stocks. Instead, you can buy a few diversified funds and just sit back and watch the income passively flow into your portfolio.

Most big-cap stocks and your favorite tech stocks may be rallying right now, but the market is still walking a tightrope this year as inflation is stickier than expected and the recent round of government layoffs could end up lifting unemployment.

Here are two of the safest Canadian dividend ETFs with high yields that can help you generate monthly passive income over the long term.

Kenvue (NYSE: KVUE) stock is down since completing its spin-off from Johnson & Johnson (NYSE: JNJ) in August 2023. Kenvue is a stable stalwart with a growing dividend. Here's why the future is bright for Kenvue and why the high-yield dividend stock is worth a closer look for risk-averse investors looking to boost their passive income stream.