3 Stocks for Retirees to Grow Their Nest Eggs

3 Stocks for Retirees to Grow Their Nest Eggs

Retired investors have somewhat different priorities than younger ones. Instead of focusing on growth, retirees' investments need to preserve their capital and also generate reliable income. However, that doesn't mean avoiding stocks -- in fact, there are some stocks that make excellent investments for retirees. Here's why our contributors think Welltower (NYSE: HCN), Nucor (NYSE: NUE), and AbbVie (NYSE: ABBV) are worth a look, even after retirement.

Matt Frankel (Welltower): Leading healthcare REIT Welltower is an excellent choice for retirees, with an excellent combination of reliable dividends and long-term growth potential. As far as income is concerned, Welltower yields 5.1% based on its current stock price, and is about to make its 186th consecutive quarterly dividend payment.

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Source: Fool.com