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.
Dan Caplinger owns shares of Apple and Walt Disney. The Motley Fool recommends Johnson & Johnson. It recommends and owns shares of Apple and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.