According to the Social Security Administration, the average man who retires at age 65 today can expect to live until age 84, and the average woman until age 86. That's great news, as these retirees will be able to enjoy their golden years for nearly two decades, but it also means that they will be relying on their nest eggs to help them meet their financial needs for quite some time. That means that nearly every retiree should still consider owning stocks in their investment portfolio to help them stay ahead of inflation over the long term.
With that in mind, we reached out to a team of Foolish contributors and asked each to share a stock that they think is a good choice for a retiree to consider. Here are the five they chose: MasterCard (NYSE:MA) might seem like an odd choice for a retiree, given that its dividend yield of only 0.86% is a bit below average. However, this company has so much going for it that it's a great choice for investors of all ages to consider. One stock that I like for retirees is ExxonMobil (NYSE:XOM), and not just because my grandmother owns it and loves the company. If you're depending on steady income growth throughout your retirement years, but you'd like a shot at market-beating returns, Johnson & Johnson (NYSE:JNJ) is a perfect fit.
Source: Motley Fool
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- 5 Best U.S. Dividend Growth Stocks
- 5 Low P/E Value-Stocks, Yielding 2% Or Higher
- How Much Money Will You Need To Retire?
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