Some investors believe that it is a mistake to own stocks as their retirement draws near. However, the Social Security Administration estimates that today's average 65 year old will live for 20 more years, which is why we Fools think that it is a mistake to forgo the stock market altogether in your golden years. After all, well-chosen stocks can provide investors with both near-term income and long-term growth potential, giving their portfolio a better chance of staying ahead of inflation.
Of course, not every stock is a good choice for investors in their 60s. In general, older investors should favor businesses that are stable and offer a good mix of income, growth potential, and value. Here's a list of three stocks I think fit those criteria perfectly: Pfizer (NYSE: PFE), Medivation (NASDAQ:MDVN) and Home Depot (NYSE: HD).
Source: Motley Fool
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