Nearing Retirement? These Stocks Are as Safe as They Come
There are different stages to life and they all require different mindsets, with one of the biggest shifts arriving at retirement. When it comes to investing you are switching from building a nest egg to living off of it, and that means dividend stocks become much more important. If you are about to make this switch, you'll want to examine Hormel Foods (NYSE: HRL) and Enbridge (NYSE: ENB). Here's why.
It might seem odd to include a food maker like Hormel that only offers a 2.4% dividend yield when talking about income stocks for retirement. Don't be lulled into the idea that you should only own high-yield stocks, because you'll also want to make sure you have some investments that grow their dividends at a rapid clip. That will help to keep your overall portfolio income apace with inflation. Over the past decade, Hormel's dividend has grown at a heady 13% a year, annualized.
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Source Fool.com
