Stocks should remain part of your portfolio even after you've retired. Not only can some stocks make for solid income investments, but retirees should also continue to invest a portion of their nest egg for growth. After all, the average American who reaches age 65 will live past age 80, and far too many older retirees outlive their assets and struggle to make ends meet late in life.
But at the same time, making the wrong stock choices can end up costing you in lost returns and higher taxes, and in some cases it can be a far worse move than not owning stocks at all.
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Source: Fool.com