If You're Retired, Consider Buying These 3 Stocks

Buying stocks as a retiree can be especially stressful. A younger investor has both the time to recover any losses and the regular income to keep putting money to work. Later in life, when investments are what provide the income, the strategy is often to reduce risk by buying stock in companies with a history of stock price stability and growing dividends.

Unilever (NYSE: UL), 3M (NYSE: MMM), and Southern Company (NYSE: SO) fit that description perfectly. For any investor seeking a stable, reliable company with a history of taking care of shareholders, these three companies have a lot to offer.

Let's find out a bit more about these three stocks for retirees.

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Source Fool.com