Many investors think that owning stocks is for the young, and that as you approach retirement, you can't afford to take risks. However, with the prospect for a retirement that could last 30 years or more, you can't afford not to have the growth potential, dividend income, and stability that a well-chosen stock portfolio can provide.

In the following slideshow, Dan Caplinger, The Motley Fool's director of investment planning, goes through some of the things people in their 60s should look for in a stock, and suggests five companies that are worth a closer look. Between entertainment king Disney (NYSE:DIS), tech behemoth Apple (NASDAQ:AAPL), aerospace leader Boeing (NYSE:BA), healthcare conglomerate Johnson & Johnson (NYSE:JNJ), and Big Oil stalwart ExxonMobil (NYSE:XOM), you can get exposure to industries throughout the economy and have a reasonable shot at both rising income and conservative growth prospects well into the future.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.