3 Stock ETFs Even Retirees Can Own

Smart investing is all about putting time on your side, and the best investors have always done that by thinking long-term. Yet as you get older, your time horizon necessarily gets shorter. That's why most investing experts suggest cutting your portfolio allocation to stocks in favor of other types of assets, such as bonds, as you approach and enter retirement.

Yet the sad reality is that most people can't save enough to be able to afford to live off their portfolios throughout their retirement while remaining in complete safe investments. At least some growth becomes essential at that point, but with a shorter time horizon, it's valuable to clamp down on risk where you can. With that in mind, the following three exchange-traded funds have some desirable characteristics that make them appropriate even for retirees with only modest tolerance for risk.

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Source Fool.com