To generate years of passive income, you could either build a portfolio of individual dividend stocks or simply invest in a dividend exchange-traded fund (ETF). An ETF allows you to buy several stocks at a time without the hassle of managing a portfolio.

Read here for 5 dividend stocks that offer a rare combination of high yields, wide moats, strong balance sheets, and growing payouts for a lifetime of passive income.

Most big-cap stocks and your favorite tech stocks may be rallying right now, but the market is still walking a tightrope this year as inflation is stickier than expected and the recent round of government layoffs could end up lifting unemployment.

I love looking for investments that provide a pleasing source of passive income, typically in the form of dividends. Companies that pay high dividends typically don't generate as much capital growth.