You are using an older browser version. Please use a supported version for the best MSN experience.

25 stocks every retiree should own

Kiplinger Logo By Charles Lewis Sizemore of Kiplinger | Slide 1 of 26: Retirement for most Americans is a giant and often scary jump into the unknown. In your working years, you can generally take the occasional investing mistake in stride. Retirement portfolio losses can be offset by simply saving more or working a little longer.But once you’ve retired, you no longer have that luxury. You need your nest egg to last throughout your life and possibly that of your spouse as well. So, as you choose your investments, choose wisely.A good retirement stock will ideally pay a healthy dividend. Sonia Joao, President of Robertson Wealth Management, a Houston-based RIA, explains, “Eighty percent of our clients are in or near retirement, and virtually all of them tell us the same thing. They’re looking for safe, secure streams of income to meet their living expenses and replace their paychecks.”A safe dividend is arguably the most important characteristic to look for. But with inflation likely to be higher over the next decade than it was over the previous one, retirees also need growth to maintain their purchasing power. So, a good retirement portfolio will be laden with income stocks – but also a few growth plays for balance.Just remember: Not all “income stocks” belong in a retirement portfolio. For example, troubled industries like tobacco and telecom might have juicy yields, but they offer virtually no possibility for growth.Now, let’s dig in. Here are 25 stocks every retiree should own.SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond

These stocks pay healthy dividends

Retirement for most Americans is a giant and often scary jump into the unknown. In your working years, you can generally take the occasional investing mistake in stride. Retirement portfolio losses can be offset by simply saving more or working a little longer.

But once you’ve retired, you no longer have that luxury. You need your nest egg to last throughout your life and possibly that of your spouse as well. So, as you choose your investments, choose wisely.

A good retirement stock will ideally pay a healthy dividend. Sonia Joao, President of Robertson Wealth Management, a Houston-based RIA, explains, “Eighty percent of our clients are in or near retirement, and virtually all of them tell us the same thing. They’re looking for safe, secure streams of income to meet their living expenses and replace their paychecks.”

A safe dividend is arguably the most important characteristic to look for. But with inflation likely to be higher over the next decade than it was over the previous one, retirees also need growth to maintain their purchasing power. So, a good retirement portfolio will be laden with income stocks – but also a few growth plays for balance.

Just remember: Not all “income stocks” belong in a retirement portfolio. For example, troubled industries like tobacco and telecom might have juicy yields, but they offer virtually no possibility for growth.

Now, let’s dig in. Here are 25 stocks every retiree should own. Click through the slideshow to see them.

SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond
© Getty Images

More from Kiplinger

image beaconimage beaconimage beacon