1 Safe Bank Stock for Retirement
When people are in, or on the verge of, retirement, they're often advised to avoid stocks and to buy bonds. Bonds tend to be safer, so the story goes, because they take priority over stocks in the event that a company gets into trouble.
But the question for retirees shouldn't be reduced to stocks versus bonds. Neither all stocks nor all bonds are good or bad. Or risky or safe. Instead, there is variation within each asset class. There are speculative growth stocks, just as there are speculative junk bonds. And there are safe stocks, just as there are safe bonds.
The trick is to know the difference, which is especially important if you rely on your investment portfolio for living expenses, as retirees often do. To help in this regard, one safe stock you can consider for retirement is JPMorgan Chase (NYSE: JPM). It's not risk free -- no stocks are -- but it offers the security of a decent dividend combined with a history of prudent and profitable operations.
Source: Fool.com