5 Stocks that Will Take Care of You in Retirement

These stocks will not only help pay the bills in retirement but also grow your portfolio. I'll reveal the stocks to buy for retirement along with a retirement strategy you need to see. Get started investing in your child's future with Fabric https://meetfabric.com/JOSEPH More important than the stocks I’m highlighting in the video, three rules will make sure your investments last and keep you out of poverty. The first rule is to hold different assets; so you want funds that give you exposure to bonds and real estate as well as just stocks. That can mean individual real estate companies like WP Carey or an ETF holding lots of them like the Real Estate Sector SPDR, ticker XLRE. The second rule for retirement investing, even in the stock portion of your portfolio, focus on dividend stocks and companies within safer sectors like Utilities and Consumer Staples. And I know, those utility stocks or consumer staples, just like the bond portion of your portfolio, aren’t going to surge higher making you fast money like some tech stocks. It can be dangerously tempting to say, “I got started late and don’t have as much as I need to retire so I need more risk, more tech stocks to make up for lost time.” But folks think about it this way, if you’re withdrawing about 6% from a $150,000 portfolio in retirement…yeah, it’s only going to be about $9000 a year or $750 a month to help pay the bills . It’s not much but it helps and that portfolio should last for at least a couple decades even at that rate. Now what happens when a crash hits in the first few years of your retirement? If you’re almost all in those risky tech stocks, trying to make up for lost time, your portfolio could lose half its value. Now trying to take that same $9000 a year to help pay the bills. That’s 12% of your lower $75,000 portfolio value…and is not going to last. Those first two rules are about safety and making sure your money is there when you need it. The third rule of retirement investing is about putting more cash in your pocket with dividend growth. That means investing in stocks with a history of higher dividend payments like those in the Dividend Aristocrats group with 25-plus years of dividend growth or those in the Dividend Kings with more than 50 years increasing the payout. 🤑 Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. Disclosures: All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission.