In retirement, investors should be less worried about finding the next great growth stock and instead turn to looking for a steady stream of cash flows to fund their day-to-day expenses. Companies that pay a dividend through a booming economy and recessions are ideal, but that can make finding retirement stocks challenging.
We asked three of our investors for their favorite retirement stocks and Archer Daniels Midland Company (NYSE:ADM), Clorox Co. (NYSE:CLX), and Colgate-Palmolive (NYSE:CL) were at the top of the list. It's also no surprise that each is a rock-solid dividend stock.
Source: Motley Fool
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