3 Stocks for Retirees to Grow Their Nest Egg

3 Stocks for Retirees to Grow Their Nest Egg

Despite the common myth, retirees should not get out of stocks altogether. Stocks are an essential component of a well-allocated investment portfolio, regardless of age.

Having said that, when you're retired, it's important to be a bit more careful about the stocks you select. Specifically, income and capital preservation should become more of a priority than for pre-retirees, although long-term growth potential is still an important factor. Here's why our contributors think Chubb Ltd. (NYSE: CB), Cisco Systems (NASDAQ: CSCO), and HCP (NYSE: HCP) are all smart choices for retired investors.

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Source: Fool.com