Why American Water Works Is a Retiree's Dream Stock

After years of saving and planning, retirees are ready to sit back and enjoy the fruits of their investing labors, whether it's taking a dream vacation, making a large purchase, or simply going out to dinner more frequently.

But enjoying these fruits can quickly sour if retirees don't plan wisely. During their years in retirement, therefore, investors should look to fortify their portfolios with conservative investments like the water utility American Water Works (NYSE: AWK), a stock that represents considerably less risk than the more speculative investments that retirees might have chosen when they were younger.

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Source Fool.com