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Practical Advice from

7 Best Dividend Funds for Retirement

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The best dividend funds for retirement will have a combination of high yields, low expenses and a solid performance history.

In other words, the search for the top dividend funds to buy in retirement isn't all about yield. For example, a high-yielding mutual fund which also has a high expense ratio and an inconsistent performance history may not be a "good" dividend fund when considering the whole picture.

So, when looking for dividend mutual funds for income in retirement, a broader view is necessary. Some of these factors include expenses, performance, diversification, tax efficiency and fund manager. After all, you don't want your yield to be overshadowed by poor total returns.

With these qualities in mind, we put together a list of seven of the best dividend mutual funds that should be on every retired investor's radar.

Prices and data are from the original InvestorPlace story published on Oct. 26. Click on ticker-symbol links in each slide for current prices and more.

SEE ALSO FROM KIPLINGER: Our Favorite Dividend-Paying Stocks

The yield for some funds represents the SEC yield, which reflects the interest earned after deducting fund expenses for the most recent 30-day period. SEC yield is an accepted measure for bond funds and other income-oriented funds.

This slide show is from InvestorPlace, not the Kiplinger editorial staff.

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