Retirement planning doesn’t stop just because the markets are down. Investors need to plan ahead and position their portfolios to perform strongly in both bull and bear markets. This often requires careful analysis, diversification, and nerves of steel. Sadly, surveys show that investors remain woefully unprepared for retirement. Fidelity Investments finds that 55% of Americans are in danger of not being able to cover essential expenses such as housing, healthcare and food during their retirements due to a lack of savings and investments. The good news is that there are a number of stocks available that can help people achieve a comfortable retirement. With that in mind, we offer the following seven retirement stocks to buy now or you’ll be kicking yourself later.
Retirement Stocks to Buy Now: Kimberly-Clark (KMB)
Personal care company Kimberly-Clark (NYSE:KMB) is neither new or exciting. Most of its products are decades old and have changed little over the years. KMB is not ChatGPT. However, Kimberly-Clark is the type of solid, blue-chip company that benefits investors both in the lead up to and during retirement. In business continuously since 1872, Kimberly-Clark makes tissue and hygiene products under brands that are household names such as Huggies, Kleenex and Cottonelle. Again, its offerings are not cutting edge. But they are reliable consumer staples.
By some estimates, a quarter of the world’s population (roughly two billion people) uses at least one Kimberly-Clark product each day. The company’s diapers, toilet paper and paper towels remain necessary and generate strong sales in good and bad economic times.
This has ensured that Kimberly-Clark delivers predictable financial results and has been able to raise its dividend for 49 consecutive years. The stock has risen 60% in the last decade and it currently has a dividend yield of 3.55%.
Texas Instruments (TXN)
Another household name that many investors may have forgotten about is Texas Instruments (NASDAQ:TXN). Remembered fondly for its line of calculators, Texas Instruments today is a leading semiconductor company. And it has managed to outperform in a sector that has been decimated in the market downturn of the past year. Over the last 12-months, TXN stock has declined only 2.5. Rival Advanced Micro Devices’ (NASDAQ:AMD) stock has plunged 34% in the same period, while the share price of Nvidia (NASDAQ:NVDA) has dropped nearly 18%.
Unlike most other semiconductor companies or technology firms for that matter, Texas Instrument pays a decent quarterly dividend. TXN stock’s dividend yield is currently 2.88%. In the past five years, the share price has gained 55% and it has risen 420% over the last ten years.
While the Dallas-based company, which has been around since 1930, is often overlooked, it has successfully transformed itself into a leading manufacturer of semiconductors and integrated circuits for the global marketplace. This is a steady-Eddie tech stock that is a great retirement investment.
MCD is the kind of stock that lets investors sleep soundly at night. Popular the world over, McDonald’s (NYSE:MCD) hamburgers, fries and soft drinks rack up strong sales in any type of economy. This explains why MCD stock rose 8% over the last year while the benchmark S&P 500 index sank 10%. At $266 a share, the Chicago-based restaurant chain’s stock is now up 50% in the past five years. Constant innovation, menu diversification and celebrity endorsements has enabled McDonald’s to stay ahead of its competitors.
The latest news out of McDonald’s is that the company is piloting a fully automated, takeaway only restaurant in Fort Worth, Texas where literally no humans will work. Analysts are saying that if the concept catches on, it could revolutionize the quick service restaurant industry as we know it.
The reduced need for employees could also tremendously boost McDonald’s bottom line. Beyond the company’s constant focus on improvement, investors should also like that McDonald’s pays a dividend that yields 2.27%.
General Mills (GIS)
In keeping with the blue-chip theme of this list, we come to General Mills (NYSE:GIS), the Minneapolis-based food company that is well-known for its line of cereals that include Cheerios, Chex and Cocoa Puffs. The company also makes Betty Crocker baking products and Blue Buffalo dog…
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