3 Great Stocks for Your IRA
For most of us, buying stocks for an individual retirement account (IRA) starts with having a long-term mindset. Investors need retirement stocks that not only remain safe but have also placed themselves in a position for growth.
The consumer climate is always changing. Hence, investors cannot afford to take a "set it and forget it" approach to any stock. However, not all stocks have obvious threats to their business. Some may also generate significant amounts of dividend income that stockholders can reinvest. More importantly, they hold the growth potential to realistically fund a prosperous retirement in a shareholder's later years.
To this end, Altria (NYSE: MO), Innovative Industrial Properties (NYSE: IIPR), and Verizon (NYSE: VZ) could make suitable stocks to invest your IRA funds in due to their risk profile and potential to generate both growth and income. Let's find out a bit more about these three companies and why they might be suitable.
Source Fool.com
