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FTSE 100 shares can be a brilliant way to generate income as well as growth, especially when retirement is coming into view.
People of all ages buy income shares, with many reinvesting their dividends to generate more growth. But for those hitting 60, the focus often shifts to harvesting those dividends as income.
Dividends aren’t guaranteed, and share prices can swing about, but the long-term potential for rising income and capital growth makes them worth a closer look. Right now, three top names are throwing off yields of 6% or more.
Aviva has been growing too
Insurer Aviva (LSE: AV) has been on a tear. Its share price is up 20% over the past year and a staggering 150% over five years.
The latter figure is flattered by the fact that it dates back to the start of the Covid pandemic, when shares generally were down in the dumps.
Investors shouldn’t expect a repeat…
