Retired? Consider AT&T for Your Income Needs
It's been a tough stretch for retirees in this age of low yields, where bonds and savings accounts pay almost no interest. Dividend stocks have been a natural alternative, often offering the highest yields, but are riskier, which can be troubling for investors who want to generate income without the risk of losing their money.
Telecom company AT&T (NYSE: T) stands out as a stock that can check many boxes for retirees. While no stock is risk-free and AT&T happens to be down 25% over the past year, I think that AT&T represents a solid option for income-craving retirees right now.
Image source: Getty Images
Source Fool.com
