If You're Retired, Consider Buying These 3 Stocks
If you're retired, you're probably looking for stocks that offer dependability and a (preferably growing) dividend. Your primary concern is likely wealth preservation, or getting income to supplement Social Security payments and increase your standard of living.
Retirees thus have a conundrum in this age of change. While today's disruptive growth stocks are exciting, they usually don't pay dividends, and often come at expensive -- and therefore risky -- valuations. At the same time, many tried-and-true blue chip stocks of yesteryear have fallen on hard times. Take a look at the struggles of "old" U.S. corporate stalwarts General Electric, Boeing, or even the mighty ExxonMobil, which just got booted off the Dow Jones Industrial Index after being one of its mainstays for 92 years.
So where are retirees to turn? Have no fear. Even for retirees, there are still plenty of stocks out there that offer staying power, growth prospects, and a nice dividend as well. If you're retired, consider investing in the following well-positioned dividend stocks for the long haul.
Source Fool.com
