If You're Retired, Consider Buying These 3 Stocks
Although you may be retired, chances are that you will still have a long term future ahead of you. That means you'll want to keep part of your money in stocks in order to benefit from their long-term growth potential. Their opportunity to grow is a key tool that you can use to give yourself a fighting chance against inflation over time.
Still, not every stock is a decent fit for a retiree's portfolio. With no work-related income and a need to draw from your portfolio to cover your costs, you're particularly at risk if a company runs into trouble. That's especially true in the coronavirus era where many companies have seen their revenues and incomes decline sharply because of state-mandated lockdowns and other social distancing requirements.
As a retiree, you need to focus on companies that have clear staying power, even during unprecedented times like these. As a result, if you're retired, consider buying these three stocks as part of the stock allocation in your portfolio.
Source Fool.com
