In retirement, investors need income and stability. While bonds provide income, they might lack adequate appreciation to grow an investor’s nest egg. In contrast, cheap retirement stocks are important portfolio components that provide potential appreciation and income.
Retirees need income to cover their living expenses. High-potential retirement stocks paying a consistent dividend provide the required passive income. Typically, good retirement stocks have a high dividend yield above 3%.
The following stocks are cheap retirement stocks to consider.
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