Nearing Retirement? These Stocks Are as Safe as They Come
Some people may assume that as they approach retirement, they should move their money out of stocks completely to take the risk out of their portfolios, but that's not as smart a move as they may think. After all, you could be retired for 25 to 30 years or more, and over such a long time frame, it would be good to have at least some, if not much, of your portfolio in the kind of asset that's arguably the best at building wealth.
However, as you close in on the day when you'll start drawing down on those assets to cover your living expenses, what you don't want in your portfolio are companies that are liable to suddenly surprise you with plunging revenues or earnings, or free-falling stock prices. Instead, you should look to steady, solid performers -- like these three.
Image source: Getty Images.
Source Fool.com
