The longest bull market in history, which started from the nadir of the financial crisis in 2009, ended earlier this year as the COVID-19 pandemic slammed the global economy. The S&P 500 has recovered most of its losses since its steep crash in March, but the sudden volatility in this index likely rattled many retirees.
In this wobbly market, retirees should focus on companies with wide moats, low valuations, and high dividends with reasonable payout ratios. Four stocks that fit the bill are AT&T (NYSE: T), Procter & Gamble (NYSE: PG), IBM (NYSE: IBM), and Cisco (NASDAQ: CSCO). Let's take a closer look at each and see what makes them top stocks for retirees.
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Source Fool.com