Why Prudential Financial Is a Retiree's Dream Stock
Retirees face a particular challenge when it comes to investing. With the potential of decades of life ahead of them, they need to be invested in stocks to help cover their long-term needs. Yet as retirees, they have precious little earned income to use to replenish their savings if an investment goes bad. That makes it crucial for retirees to pay close attention to the stocks they own and select ones that have a high likelihood of success over time.
A great company for retirees to consider is one that has a solid balance sheet to enable it to navigate through tough times. It also pays a well-supported dividend to give a retiree much-needed cash without requiring that retiree to sell shares. In addition, it has enough growth prospects to give that retiree good reason to believe an investment will be able to at least keep up with inflation over time. With those reasons in mind, here is why Prudential Financial (NYSE: PRU) may be close to a retiree's dream stock.
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Source Fool.com
