The Perfect Income Stock for Retirement Investors?

In recent years, retirement investors haven’t had the best of luck. Even though the U.S. Federal Reserve has started raising its benchmark interest rates, most savings accounts have still paid next to nothing. Moreover, those who put their money in the stock market have had to deal with bloated valuations and subdued yields. Today, the average S&P 500 company offers an annual yield of just 1.85%. Meanwhile, living costs have been going up. According to the latest report from the Bureau of Labor Statistics, the Consumer Price Index for the U.S. increased 2.2% over the 12-month period ending in February 2018.

Fortunately, even under the current market conditions, there are still companies that are well positioned to provide retirement investors with steadily increasing income streams. AT&T Inc. (NYSE:T) is a great example of this. For something to qualify as a retirement investment, the first thing you’ll want to check is reliability. Retirement investors are highly risk-averse; no one wants to put their life savings in a company that could go out of business soon. The good news is, AT&T is not going anywhere.

Source: Income Investors

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