In Your 60s? 3 Stocks You Might Want to Buy

In Your 60s? 3 Stocks You Might Want to Buy

At age 60, most people can still expect over 20 years of life ahead of them, and 40 more years is not unheard of. That's wonderful from the perspective of being able to enjoy your golden years with your family and friends, but it also means you need to remain invested for the long haul. If you're retired or soon will be, you will want a portion of your money invested in bonds to cover your near-term costs -- but the rest of your money may find a home in stocks.

Once you've reached age 60, not just any stock will do, however. You've got less time to recover from a market downturn. In addition, if you're retired, you may not be still making contributions to your accounts, so the loss from a stumble could be that much tougher to make up. As a result, you should focus your investing on companies with covered and growing dividends, solid balance sheets, decent valuations, and reasonable prospects. These three stocks fit the bill.

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Source: Fool.com