10 Safe Stocks To Buy Near Retirement
As you approach retirement, you generally want to dial down the risk profile of your portfolio to protect your nest egg from unrecoverable losses. This doesn't mean you should eliminate all equities from your accounts as you cross over into retirement, however.
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Longer life expectancies mean that someone retiring at age 65 can expect to live 22.9 additional years on average, according to IRS data. Meanwhile, the S&P 500 has never experienced a loss over any 20-year rolling period, so having a portion of your portfolio in dependable equities rather than speculative stocks can be a great way to make sure you don't outlive your retirement savings. Here are 10 safer stocks to get as you head toward retirement.
Coca-Cola (KO)
McDonald's (MCD)
Chevron (CVX)
3M (MMM)
Sherwin-Williams (SHW)
Walgreens Boots Alliance (WBA)
Colgate-Palmolive (CL)
Kimberly-Clark (KMB)
Cardinal Health (CAH)
Walmart (WMT)
This article originally appeared on GOBankingRates.com: 10 Safe Stocks To Buy Near Retirement
