Nearing Retirement? These Stocks Are as Safe as They Come

When you shift into retirement, you go from building a nest egg to living off of it. It's a huge change in mentality, but one that can be helped along by investing in dividend-paying stocks. That way, you can reduce the need to touch your principle by living off of the dividends you collect.

If that sounds like a good plan, you'll want to take a close look at Consolidated Edison (NYSE: ED), Federal Realty Investment Trust (NYSE: FRT), and Hormel Foods (NYSE: HRL). Here's why.

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Source Fool.com