3 Top Stocks for Retirees
Once you retire, you have different needs from your portfolio than you do when you're working. Unless you have a strong, well-funded and inflation-adjusted pension that adequately meets your expenses, chances are that you'll need to pull money out of your portfolio to cover your costs in retirement. That makes stocks inherently riskier for you as a retiree, because your bills won't wait for a bull market to get paid. If you're relying on selling your stocks to cover your costs, you face a very real risk that they won't.
Still, if you're anticipating a long retirement, you'll want to remain invested in stocks to give your money a chance of outpacing inflation over time. To balance your need for income with the longer-term growth that stocks can provide, focus on owning companies that pay, and have the potential to increase, dividends. That way, you can have cash coming in that doesn't depend on selling shares.
With that in mind, here are three top stocks to consider for a retiree portfolio.
Source Fool.com
