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.

Investing in exchange-traded funds (ETFs) is one of the easiest ways to start generating passive income. You don't have to manage a portfolio of stocks. Instead, you can buy a few diversified funds and just sit back and watch the income passively flow into your portfolio.

The idea of passive income can be attractive, but it’s vital to carefully examine any investment opportunity to better understand the risks.

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.

Another 26% of its earnings are from fee-based contracts. It gets paid a fixed fee on the volumes that flow through its midstream network. These volumes are highly predictable, with over 40% tied to very stable refined-product cash flows. The remaining 5% of its earnings are unhedged, meaning they have volume and price exposure.