When you're in your 50s, you have a lot less time to make up for losses. You can take a big risk on some high-flying, expensive stock in your 20s. If it blows up, no big deal. You've got time. But time becomes less of a luxury as you get older.

Plus, as you start to glide into your retirement years, income becomes so important. You want to build up a gaggle of golden geese laying large, safe, growing golden eggs. Because if you have a bunch of stocks that don't offer enough income via yield, you might have to sell off your stocks to produce income. And that puts you at risk of running out of geese to slaughter.

It's with this in mind I want to share with you three different high-quality dividend growth stocks to consider buying if you're in your 50s. These stocks offer yields up to four times higher than the broader market's yield.

And these dividends are very safe and growing at inflation-beating rates, which allows you to keep up with the rising costs of life.

The first stock I want to share with you is W.P. Carey Inc. - stock ticker WPC.

There's plenty of money to be made in real estate. But there are also plenty of headaches to be had in real estate. W.P. Carey does both for you so that you don't have to.

If the dividend weren't safe, it wouldn't have grown for 24 straight years. And while the five-year dividend growth rate of 1.7% won't knock your socks off, it should allow your purchasing power to remain intact. It's a healthy golden goose laying very large golden eggs. And it's laying slightly more golden eggs every year.

The second stock I want to tell you about is Prudential Financial Inc. - stock ticker PRU.

It's not very often you'll see a yield near 5% and a long-term dividend growth rate well into the double digits like this. It's a very compelling combination of yield and growth. And this dividend isn't going anywhere but up. Prudential announced in February that it plans on $10 billion in capital returns to shareholders over the next three years in the form of buybacks and dividends. Music to my ears.

We put out a video last year highlighting how attractive this stock was. That was when the stock was below $70.

Last but not least, let's talk about Exxon Mobil Corporation - stock ticker XOM.

If you're in your 20s and thinking about the next 50-60 years of investing, oil & gas might not be terribly interesting. But if you're in your 50s and thinking about a time horizon of 20 or 30 years, that's a totally different story. While the world is transitioning away from hydrocarbons, this stuff isn't going away tomorrow, five years from now, or 10 years from now. That's almost certain.

This is a stock that has averaged a yield of 5% over the last five years. Even for a typically high-yielding stock, the current yield is extraordinary. The P/S ratio is right in line with its five-year average, but the P/B ratio is below its recent historical average. I think Exxon Mobil can and will continue to pump their stuff and pay their very large dividend for the foreseeable future, which could be very well suited to an older investor who is more income-oriented and relatively limited with the time horizon.

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