Nearing Retirement? These Stocks Are as Safe as They Come
When you get closer to or enter retirement, your investment approach will likely shift from building a nest egg to trying to live off of your savings. It requires a mental shift in the way you invest, with dividends and safety becoming materially more important. If that sounds like the transition you are making or have already made, you'll want to look at Procter & Gamble (NYSE: PG), Texas Instruments (NASDAQ: TXN), and Realty Income (NYSE: O). Here's why.
Consumer staples giant Procter & Gamble's 2.6% dividend yield is only about middle-of-the-road, historically speaking. That suggests that the stock is roughly fairly priced but definitely not cheap. For conservative long-term investors, it might be interesting, but value types will probably want to keep it on the wish list. The dividend has been increased annually for over 65 years, making it a Dividend King.
The company owns a collection of brands that are leaders in their respective categories, and its products tend to be things consumers buy regularly, in good times and bad. Thus, the company's business tends to be relatively stable over time. On top of that, Procter & Gamble has an investment-grade-rated balance sheet, so it has the financial strength to weather difficult times.
Source Fool.com
