According to CoinMeta, the younger generation of Baby Boomers (born in 1964) have just turned 62 years old, and it is recommended that they apply for social security now in order to take advantage of these five high-dividend stocks with yields exceeding 6%. It is estimated that by 2034, the depletion of social security trust funds could lead to a reduction in monthly payments to 78%. Therefore, applying for social security at 62 becomes an attractive strategy. The yield of $ARCC is close to 10%, while $MO has increased its dividends for 57 consecutive years and has received buy ratings from top Wall Street analysts. Reinvesting the dividends from these stocks with yields over 6% can compensate for the 30% reduction in payments that comes with applying for social security early.