3 Top Stocks for Retirees
The coronavirus pandemic is making it harder for Americans to avoid tapping into their retirement savings. According to one survey last year, close to 30% of people either stopped saving or decreased the amount of money they were putting aside for retirement. And many were tapping into their savings just to cover basic expenses.
Unfortunately, it's impossible to predict an event like the COVID-19 pandemic and how much money you'll need to get through it. But that makes it all the more important for retirees to have solid, blue-chip stocks in their portfolios that pay dividends that can bolster their savings as much as possible. Eli Lilly (NYSE: LLY), McDonald's (NYSE: MCD), and Mastercard (NYSE: MA) all fit that criteria.
Image source: Getty Images.
Source Fool.com
