Stocks have proven to be one of the most powerful vehicles for building wealth over time. But the types of stocks an investor should pick tend to change depending on what their investing goals are as well as the age and employment status of the investor.
When picking companies for a retirement portfolio when the investor is near or has reached retirement age, dependability becomes very important. High-quality companies with high-quality balance sheets and sizable, dependable dividends can provide shareholders with good profit potential while also shielding them from over-the-top risk.
Here are two examples of companies that fit this description and demonstrate their potential to be top stocks for retirees.
Source Fool.com