Dividends4Life: In Your 60s? 2 Dividend Stocks You Might Want to Buy

It's impossible to choose investments for people based solely upon age. This is especially true for people in their 60s because this decade has traditionally been when most people transition into retirement, or at least make considerable changes in their work lives. In general, however, people in their 60s should favor relatively low-risk investments that provide solid total capital appreciation potential and good dividend income growth potential.

If you're in your 60s, you might consider investing in the following two stocks, both of which make solid foundations on which to build upon your stock portfolio. These rock-solid stocks have good growth potential and great track records of raising their dividends: American Water Works (NYSE:AWK) and Johnson & Johnson (NYSE:JNJ). Once you have a good base of cornerstone stocks like American Water Works and Johnson & Johnson, you can add other stocks that meet your individual needs to your portfolio. For instance, investors most concerned with current income could explore Realty Income Corp., a real estate investment trust (REIT) that focuses on retail occupancies that are stable. The stock has outperformed the market over the long term and pays a juicy dividend, currently yielding 4.4%. Investors most concerned with total capital appreciation who don't need any or much current income might explore Disney. The entertainment giant's stock sports a modest 1.45% dividend yield, but it has strong total capital appreciation potential and much room for dividend growth.

Source: Motley Fool

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