Retirees have different investing needs than the rest of us: older Americans keep their money in the stock market to preserve their wealth and to generate income to support their lifestyles once their careers have finished. Given that, value stocks are often the wisest choice for retirees. These stocks, favored by Warren Buffett, tend to trade at cheap valuations compared to their peers and the broader market, and usually pay dividends, providing a cushion against a down market.
Keep reading to ind out why Kinder Morgan (NYSE: KMI), Green Plains (NASDAQ: GPRE), and Target Corporation (NYSE: TGT) are great choices for value-seeking retirees.
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Source: Fool.com