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

25 stocks that every retiree should own

GOBankingRates Logo By John Csiszar of GOBankingRates | Slide 1 of 26: When it comes to investing, you might think of retirement as “the end of the road.” After all, through your working years, you were no doubt bombarded with suggestions to put away as much as you can toward your retirement or to max out your 401(k) plan. While both of those are sound suggestions, the reality is that retirement is just the beginning of your next phase of life. With good health, good genes and good luck, you may live a retirement of 30 years or even more. With that type of time horizon, you’ll want at least a portion of your portfolio to remain in stocks.
Of course, in retirement, it’s also likely that you’re no longer working, or at least not pulling in the kind of income you did in your working years. Betting your entire nest egg on the latest high-flying stock is clearly a bad idea. So, what’s the compromise? One option is to own stocks that pay regular, consistent dividends. Better yet, find companies that consistently raise their dividends. Not only will you generate a steady or even increasing cash flow, but your investments will be skewed toward solid, reliable companies that aren’t likely to go out of business any time soon.
Here’s a look at 25 stocks that just might fit that bill. Note that there’s no such thing as “a perfect stock” or “a perfect portfolio” that applies to all investors, so it’s highly recommended that you consult with a fiduciary financial advisor before you choose to invest in any stocks, even the ones on this list.
Last updated: Feb. 3, 2020

Retirees should consider stocks that pay dividends

When it comes to investing, you might think of retirement as “the end of the road.” After all, through your working years, you were no doubt bombarded with suggestions to put away as much as you can toward your retirement or to max out your 401(k) plan. While both of those are sound suggestions, the reality is that retirement is just the beginning of your next phase of life. With good health, good genes and good luck, you may live a retirement of 30 years or even more. With that type of time horizon, you’ll want at least a portion of your portfolio to remain in stocks.

Of course, in retirement, it’s also likely that you’re no longer working, or at least not pulling in the kind of income you did in your working years. Betting your entire nest egg on the latest high-flying stock is clearly a bad idea. So, what’s the compromise? One option is to own stocks that pay regular, consistent dividends. Better yet, find companies that consistently raise their dividends. Not only will you generate a steady or even increasing cash flow, but your investments will be skewed toward solid, reliable companies that aren’t likely to go out of business any time soon.

Click through the gallery above for a look at 25 stocks that just might fit that bill. Note that there’s no such thing as “a perfect stock” or “a perfect portfolio” that applies to all investors, so it’s highly recommended that you consult with a fiduciary financial adviser before you choose to invest in any stocks, even the ones on this list.

Last updated: Feb. 3, 2020

© Ryan Fletcher / Shutterstock.com

More from GOBankingRates

GOBankingRates
GOBankingRates
image beaconimage beaconimage beacon