Here's a list of three stocks that our contributors love for retirees.
Studies show that Americans are living longer than ever. That's great news, but it also means that investors in their golden years will need to rely on their nest eggs to sustain them financially for a longer time period. For that reason, we Fools believe that these investors should keep at least a portion of their net worth in the stock market. Doing so will give them a better chance at producing higher returns, and is more likely to help them keep ahead of inflation.
Of course, that doesn't mean that these investors should go crazy and invest in high-risk growth stocks. Instead, their best bet is to invest in companies with strong competitive advantages that operate in markets with good growth prospects.
To help investors find appropriate stocks, we asked a team of Motley Fool contributors to share a stock that they think is a good fit for any retiree.
Continue to read to find out which companies they selected…
Source: The Motley Fool