My Favorite Stock for Retirees in 2022
Retirees need to be especially mindful of where they invest their money as they have less time to recover any losses that might occur and because these funds tend to also be their main source of income. That means avoiding high-risk investments and focusing more on stocks and other investment vehicles that generate passive income. Tobacco giant Philip Morris International (NYSE: PM) can be a good fit for such an investor.
In a market where many dividend stocks and bonds offer minuscule dividends and payouts, Philip Morris International (PMI) is a dividend stock that many investors have come to depend on for a healthy payout. Let's look at three reasons why this stock is a favorite suggestion for retirees looking at investment options.
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Source Fool.com
