Retirement marks the crowning achievement of a lifetime of hard work and frugal saving. However, it does not mark the end of a marathon, as many believe. It merely marks the beginning of what will hopefully be many more years of prudent investing and financial management.

With this nugget of truth in mind, three of our Foolish contributors submitted their top value-stock picks for retirees. Here's why those with their portfolios in retirement mode should consider adding Verizon Communications (NYSE: VZ), Pfizer (NYSE: PFE), and Kinder Morgan (NYSE: KMI).

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Source: Fool.com