3 Stocks for a Better Retirement
The end of the 11-year-old bull market earlier this year probably caused many retirees to consider selling some stocks. However, resilient stocks such as Verizon (NYSE: VZ), Walmart (NYSE: WMT), and Texas Instruments (NASDAQ: TXN) shouldn't be tossed aside. Let's see why these three blue-chip stocks should remain long-term holdings in your retirement portfolio.
Verizon, one of the largest telecom companies in the U.S., is ideal for retirees because it's a stable stock that pays reliable dividends. Its wireless unit served 95 million consumers and 25 million business customers last year, while its wireline segment hosted 6.5 million broadband connections. That massive customer base gives Verizon a wide moat, and unlike its top rival, AT&T (NYSE: T), it isn't burning cash with a desperate expansion of its media business.
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Source Fool.com
