If the stock market crashes, it can take months, even years, for a full recovery to take place. For retirees, that's not a comfortable timeline, especially if you're on a fixed income and may not be looking to lock in your money for a long period. To minimize investment risk, you'll want to stick to relatively safe stocks that won't take your portfolio on wild swings.
Three stocks that fit this mold and also pay decent dividends are Medtronic (NYSE: MDT), Coca-Cola (NYSE: KO), and Comcast (NASDAQ: CMCSA). Here's why each is a great option for retirees.
Medical device maker Medtronic is a diverse company that sells essential products for the healthcare industry, and it offers the type of stability you'd want from a buy-and-forget stock. Medtronic's products treat over 70 different health conditions. From surgical tools to insulin pumps, Medtronic's broad range of products serve many different purposes. And with operations in 150 countries, the company has managed to get its products in front of patients and care providers around the globe.
Source Fool.com