The coronavirus pandemic has exposed that it's not nearly enough for retirees to simply invest in dividend-paying stocks, since many businesses have been forced to suspend their payouts to preserve liquidity.
While the businesses may have looked solid beforehand, their nonessential nature reveals them to be just as vulnerable as other less financially stable stocks. It means investors who've already retired (or are about to) have another layer of consideration. And it shows why the three companies below ought to be considered a key addition to your portfolio.
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Source Fool.com