Author: Michael Foster, Contrarian Outlook

This unsung dividend play spins off a 10.6% yield.

Today I want to show you how you can retire on $405,000 — and with just five buys, too! Put together, these five stocks and funds hand you a 7.4%-yielding portfolio that should pay you reliably for decades.

This high-yielding CEF holds consumer-focused growth stocks like Visa, the Walt Disney Company, Nike, and TJX Companies, as well as the companies that support retail-focused efforts like Autodesk, Salesforce.com, and Intuit.

Here are three real estate stocks that are much better than buying rental property of your own. Why? Because this trio pays a 9.3% dividend (on average), takes zero work, and gets you way more diversification than your typical basement apartment, semi-detached or “box in the sky” condo ever could.

A payout like that gives you the ultimate retirement “safety net” — letting you clock out on dividends alone — without having to touch your principal in retirement.