Investing for retirement income requires a conservative approach to picking stocks. Volatile growth stocks might not protect the principal of your investment, and high-dividend securities might be too pricey to buy. On the other hand, if you're in it for income, there isn't much point in buying shares in a company that doesn't pay a dividend or grow rapidly enough to justify holding onto for just a few years.
There's no substitute for a well-diversified portfolio, but there are a couple of long-standing healthcare stocks retirees can count on for the earnings stability, dividend payments, and relatively safe growth they desire. Let's dive in and examine why these two companies are great pickups for retirees.
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Source Fool.com