Stocks that are great for retirement aren't necessarily good for someone who's trying to build wealth. Lest there be any doubt about this, AT&T (NYSE:T) and Verizon (NYSE:VZ) serve as textbook examples.

In many respects, retirement serves as a clear inflection point in one's investment objectives. Before retiring, the goal is to accumulate wealth. This is often done by favoring growth stocks and having dividends automatically reinvested into the underlying security. After retirement, by contrast, the purpose is to replace lost income by investing in dividend stocks, bonds, and other income-generating alternatives.

It's for this reason that AT&T and Verizon are so well suited for a retiree's portfolio. Beyond being two of the highest-yielding blue chips, they also sport exceptionally low betas, meaning they're less volatile than even the S&P 500 (SNPINDEX:^GSPC). As Motley Fool contributor John Maxfield discusses in the following video, the net result is that these stocks are among the most popular for income-seeking retirees today.

Top dividend stocks for the next decade
The smartest investors know that dividend stocks simply crush their non-dividend-paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio. To see our free report on these stocks, just click here now.

John Maxfield and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.