The first of two popular strategies, the high-yield income strategy, focuses heavily on maximizing immediate dividend income. To do this, you'll look for yields that often sit between 4% and 8% (or higher), which in turn will give a retiree a meaningful cash flow either every month or every quarter.Better yet, certain types of dividend stocks or ETFs can grow their payouts over time, which is beneficial to help retirees keep up with inflation without taking on more risk. It's for this reason and others that ...