Retirement today is a whole different ballgame than it was a few decades ago. Not only are people living longer, fewer and fewer people have defined benefit plans (think pensions) and are relying on their savings plans such as 401ks, IRAs, and other savings. No one wants to live through retirement trying to stretch every dollar as far as possible, but drawing down savings too quickly could be disastrous down the road. One way to balance the needs of income and preserving your nest egg is to invest in stocks that can pay a consistent and growing dividend.