If You're in Your 60s, Consider Buying These 2 High-Yield Stocks

If You're in Your 60s, Consider Buying These 2 High-Yield Stocks

A transition takes place when you enter your 60s. In that decade of life, your investing goals shift from capital appreciation to preserving capital and generating income. That's why high-yielding Magellan Midstream Partners, L.P. (NYSE: MMP) and Duke Energy Corp (NYSE: DUK) are two companies that you should consider buying.

Magellan Midstream Partners is an oil and gas midstream partnership, which means it helps move these two fuels from where they are pulled from the ground to the places where they get processed and used. Roughly 85% of its operating margin is generated from fee-based businesses. So the price of oil and natural gas are less important to its results than overall demand for fuel.

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Source: Fool.com