Stocks are an important part of everyone's investment strategy, and just because you're approaching retirement doesn't mean that you should stop investing in stocks. With decades of retirement ahead of you, you need assets that will grow in value and provide you with useful income to cover your living expenses. With that in mind, let's take a look at three stocks that offer a compelling combination of growth and income...
The aging Baby Boom generation has heightened awareness of the need for preventive efforts to maintain wellness and avoid injury and illness as people grow older. That has led to a revolution in the athletic apparel space, and longtime leader Nike (NYSE:NKE) has remained immensely successful even in the face of heightened competition in the fast-growing industry. Wells Fargo (NYSE:WFC) offers an attractive combination of positive attributes, and conservative investors can appreciate the true value of a reliable financial institution. Phone companies used to be considered utility stocks, and Verizon Communications (NYSE:VZ) still offers a 5% dividend yield that closely resembles what you'll get with most electric utilities.
Source: Motley Fool
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