In a recent issue of StreetAuthority Daily, I told you all about my strategy for maximizing income by investing in stocks that fall in the high-yield “sweet spot.”

They aren’t the absolute highest yielding stocks on the market, but this special group of stocks has outperformed all others, and returned an average of 14% per year over the past 86 years.

[ad#Google Adsense 336×280-IA]And while these stocks are a key part of my portfolio — and consistently provide my subscribers with ample dividend checks — “maximizing income” is just one aspect of my 3-part Daily Paycheck Retirement System.

I like to call the second group of stocks “Lifetime Income Growers.”

These are the few companies that I think you could buy today and potentially hold for the rest of your life.

And while you hold them, they can shower you with bigger and bigger dividends year in and year out.

These stocks have one very distinct characteristic — “Lifetime Income Growers” are generally dominant companies with growing cash flows that you can depend on to pay — and increase — their dividends year after year.

In other words, you likely won’t get a 10% yield from any of these companies right away. Instead, Lifetime Income Growers start out with smaller yields, but grow their dividends at a fast clip — sometimes even doubling them in just a few years.

So a good yield can often become an incredible yield over time.

Take a look at one of my favorite holdings, Magellan Midstream Partners (NYSE: MMP).

When we bought Magellan Midstream Partners for The Daily Paycheck portfolio in February 2010, it had a solid yield of 6.7%.

Not bad. But that’s not the big story here.

You see, Magellan has increased its quarterly dividend 27 times since then — an increase of 137%. That gives anyone who bought the company back when I recommended it a near 16% yield on their original investment.

And since MMP is a Lifetime Income Grower, there’s no reason to think it shouldn’t continue increasing its dividend for years to come.

But let me be clear: A bigger dividend is just one area of growth this stock has provided.

From the time I recommended Magellan until today, I’ve enjoyed a total return over 441%, while the market has returned just 86%.

And that’s been the case with many of my other Lifetime Income Growers as well.

In fairness to my paid subscribers, I can’t show you the names of all of them. But others in my portfolio have returned 52%… 73%… 379%, and more.

On average, this portion of my Daily Paycheck portfolio has delivered a total return over 89%. And the average holding yields 4%.

So not only do “Lifetime Income Growers” increase their dividends — their share prices tend to rise at a faster clip than your average dividend stock.

That’s why they’re perfect if you want a rising stream of income coupled with large gains.

Now, as you might expect, Lifetime Income Growers are pretty rare. I search for them every month, and trust me, they’re not easy to find. I comb through thousands of companies to generate a list of stocks with solid dividend growth track records. Then I dig into annual reports and SEC filings. I look at everything from historical dividend payout ratios to a company’s competition and pricing power.

After I’m done with my investigation, there are only a handful of stocks left that make the cut. In fact, only a few dozen have made it into the portfolio since 2009.

But if you buy these stocks today, my experience shows that within five to six years, your income could double.

That’s why Lifetime Income Growers make up another third of my Daily Paycheck retirement portfolio. They help me — and those following alongside me — collect bigger and bigger dividend checks and enjoy larger total returns.

— Genia Turanova

Sponsored Link: So now I’ve showed you how the Daily Paycheck Retirement Plan can help you both maximize your income and maximize your gains. (But what about minimizing risk? That’s where my last group of securities comes into play…)

Combined with my “High-Yielders” and “Lifetime Income Growers”, these three groups of stocks have helped our portfolio me earn tens of thousands of dollars in income each year — while propelling our portfolio’s initial value of $200,000 climb to $347,365 at last count.

My staff and I recently updated a special presentation that explains how my strategy works in greater detail. I encourage every reader who is interested in turbo-charging their income to check it out. Click here to see it now.

Source: Street Authority