In Your 40s? 2 Stocks You Might Want to Buy

In Your 40s? 2 Stocks You Might Want to Buy

If you are in your 40s, you're still building a nest egg... and likely dealing with the responsibilities that come along with a family and home. You aren't yet looking for dividend income, but you can see the day when you might find that attractive. Indeed, you're probably making plans, or at least you should be, to live off of your wealth in retirement some day. Which is why reliable dividend payers ONEOK, Inc. (NYSE: OKE) and A.O. Smith Corp (NYSE: AOS) could both be interesting options for you.

ONEOK is a large midstream company. It owns the pipes and other assets that help move, process, and store oil and gas. Roughly 90% of its revenues are fee-based, making it a generally stable business. Those fees also provide a great deal of support for its impressive 5.6% yield, which is why reinvesting dividends is the first way for you to build your nest egg here.

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Source: Fool.com