If You're Retired, Consider Buying These 3 Stocks in 2021

As a retiree, your primary goal is to set up safe, steady, and secure income streams that can not only cover your living expenses comfortably but also provide a buffer for emergencies. Investing in stocks is a proven retirement strategy that can make your money work for you. Dividend growth stocks, in particular, are among the best you could own in retirement. The three stocks discussed below are well poised to earn you the income you'll require to fully enjoy your golden years.

Real estate investment trusts, or REITs, are great for a retiree's portfolio for two reasons. First, REITs allow you to invest in real estate without having to bear the costs and risks associated with owning and maintaining actual property. Second, they can earn you regular, oft-rising dividend income year after year simply because a REIT is required to pay at least 90% of its taxable income as dividends to shareholders.

Consider Public Storage (NYSE: PSA), the world's largest owner and operator of self-storage facilities. After increasing its dividend every year between 2007 and 2017, the company has paid a steady quarterly dividend of $2.00 per share since 2017. The stock yields 3.5% today.

Source Fool.com