Almost ready to retire? I’d buy cheap dividend shares for a passive income

Cheap dividend shares could offer a relatively high passive income over the next few years. In some cases, they have high yields versus their historic averages because they have yet to recover from the 2020 stock market crash. And, with other mainstream assets such as cash and bonds offering low returns due to low interest rates, dividend stocks may offer an attractive means of funding retirement.

Of course, they come with higher risks than other assets. As such, seeking to manage risks could be a prudent step in the long run.

High passive income returns from dividend shares

Dividend shares have been a popular means of obtaining a passive income in retirement for many years. They have generally offered a high return that has grown…