2 Top Stocks for Retirees

You've spent your over four decades in the working world, toiling to make sure you and your family were taken care of. Once you enter retirement, it's time to pursue your passions, spend time with family and friends, and take a nap whenever you want to. The very last thing you want to do is worry about money. But with the typical American retiring at 62 and living until 82 (male) to 85 (female) years old, your nest egg needs to be able to provide for at least 20 years. That's why selecting the very best stocks for your retirement portfolio is so important.

Below are two stocks that share three important characteristics for retirees: They have sizable and healthy dividends, they trade for a fair price, and -- most importantly -- they have significant competitive advantages that should make them just as relevant two decades from now: There are only four major telecoms left in America, and none has a larger market share than Verizon (NYSE:VZ). While Verizon is a huge telecom, AbbVie (NYSE:ABBV) is one of the nation's largest pharmaceutical companies.

Source: Motley Fool

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