My Favorite Stock for Retirees in 2022

Justin Pope, The Motley Fool
·5 min read
My Favorite Stock for Retirees in 2022

Retirees need to be especially mindful of where they invest their money as they have less time to recover any losses that might occur and because these funds tend to also be their main source of income. Tobacco giant Philip Morris International (NYSE: PM) can be a good fit for such an investor. In a market where many dividend stocks and bonds offer minuscule dividends and payouts, Philip Morris International (PMI) is a dividend stock that many investors have come to depend on for a healthy payout.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Q1 2024 Live Oak Bancshares Inc Earnings Call

    Q1 2024 Live Oak Bancshares Inc Earnings Call

  • ‘The movement will persist’: Advocates stress Weinstein reversal doesn’t derail #MeToo reckoning

    NEW YORK (AP) — #MeToo founder Tarana Burke has heard it before. Every time there’s a legal setback, the movement is declared dead in the water. The most obvious proof, Burke said: “Ten years ago we could not get a man like Harvey Weinstein into the courtroom."

  • Vietnam delays launch of new stock trading system

    Vietnam will delay the launch of the much-expected new stock trading system initially slated for next week, its State Securities Commission (SSC) said. The debut, which had been planned for May 2, has been pushed back due to regulatory roadblocks and the unreadiness to connect to the new system to provide trading services to investors from securities firms, the State Securities Commission (SSC) said in a document dated April 25. Vietnam's main Ho Chi Minh City exchange also failed to report the launch plan to the finance ministry and get needed approvals for information security, according to the document, without elaborating on a new timeframe for the launch.

  • Search for Missing 16-Year-Old Child of Billionaire Slack Co-Founder Continues, Foul Play Not Suspected

    According to the Marin County Sheriff's Office, Mint Butterfield was last seen on Sunday, April 21 at approximately 10 p.m. in Bolinas, California

  • Falcons provide an NFL draft surprise by taking Washington QB Michael Penix Jr. with No. 8 pick

    FLOWERY BRANCH, Ga. (AP) — The Atlanta Falcons provided the first major surprise of the NFL draft by selecting quarterback Michael Penix Jr. of Washington with the No. 8 overall pick on Thursday night. The Falcons extended their recent trend of selecting offensive skill players in the first round by drafting Penix one month after signing Kirk Cousins to a four-year, $180 million contract with $100 million guaranteed. Using a draft slot normally targeted for players expected to make an immediate

  • Former KU Jayhawks star Embiid scores 50 in NBA playoffs, says he has Bell’s palsy

    Former KU star Joel Embiid says he’s dealing with Bell’s Palsy, but on Thursday he poured in 50 points to lead his 76ers past the Knicks in the NBA playoffs.

  • Q1 2024 ATN International Inc Earnings Call

    Q1 2024 ATN International Inc Earnings Call

  • Utah Republicans to select nominee for Mitt Romney's open US Senate seat

    A dozen Utah Republicans vying to replace Mitt Romney in the U.S. Senate are set to square off Saturday for the party nomination in a race expected to reveal the brand of political conservatism that most appeals to modern voters in the state. Romney has long been the face of the party's more moderate wing, and observers are closely watching whether voters select a successor whose politics align more with the retiring senator's or Utah’s other U.S. senator, conservative Mike Lee, who supports former President Donald Trump. The winner at Saturday’s state GOP convention, which tends to favor far-right candidates who appeal to the most zealous party members, may get a bump in the race.

  • NBA Playoffs: Nuggets erase double-digit deficit (again) to take 3-0 lead on Lakers (again)

    The Nuggets have won 11 straight games over the Lakers.

  • PRESS DIGEST- New York Times business news - April 26

    The following are the top stories on the New York Times business pages. - Southwest Airlines is ceasing operations at four airports, and reducing flights from others, in an effort to cut costs as its growth plans were also curtailed by fewer-than-expected plane deliveries from Boeing. - BHP Group, the world's largest mining company, has proposed a takeover of its rival Anglo American, in a deal valued at 31.1 billion pounds ($38.87 billion)that has the potential to shake up the industry at a time when demand for copper is soaring.

  • K-pop giant HYBE shares take another hit as dispute with NewJeans label drags on

    A South Korean music executive credited with creating popular K-pop group NewJeans denied allegations that she was trying to break her label away from HYBE, home to global sensation BTS, sending the K-pop giant's shares tumbling on Friday. The internal dispute at HYBE, South Korea's biggest music firm, has wiped over 12% off its share price since it became public and put a damper on expectations for an upturn from new releases by NewJeans, as well as the return of some BTS members from mandatory military service.

  • Young athletes developing CTE

    New research shows that CTE is not just a danger for professional football and soccer players. It is showing up in the brains of young people.

  • Morning Bid: Reading BOJ's tea leaves

    The Bank of Japan's (BOJ) decision to keep interest rates around zero didn't come as a surprise, and focus now turns to Governor Kazuo Ueda's press conference late on Friday for further clues on next steps. Markets had their eye on the central bank's bond-buying amounts, where any scaling back of its aggressive purchases would have been regarded as quantitative tightening that could offer some reprieve for the battered yen. Yet, the BOJ said it will keep buying government bonds based on guidance decided in March, even as it removed a reference to the amount of government bonds it has roughly committed to buying each month.

  • TikTok China parent firm says no plans to sell app

    The US passed a law this week to force the sale of the popular video app or be banned in America.

  • Dow Jones Futures: Microsoft, Google Jump; New Market Rally Still Must Do This

    Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta's sell-off.

  • What to watch for in NFL Draft Day 2

    Yahoo Sports’ Draft Live Crew preview the key storylines for Rounds 2 and 3 of the 2024 NFL Draft.

  • What does Taiwan get from the foreign aid bill and why is the US economy among the biggest winners?

    The sweeping foreign aid package passed by congress has drawn the ire of China, but billions of dollars will actually stay in the US

  • Poverty experts tell Labor jobseeker payments should be lifted to 90% of age pension

    The Economic Inclusion Advisory Committee warn that unemployment benefits are still too low

  • Troy Fautanu idolized Troy Polamalu. Now he's following in Polamalu's footsteps in Pittsburgh

    PITTSBURGH (AP) — Troy Fautanu grew up idolizing Troy Polamalu. It wasn't just their shared Polynesian heritage. It was everything. The way the Pittsburgh Steelers Hall of Fame safety carried himself. The way he played football with a relentless passion. The way Polamau's No. 43 seemed to be in the middle of everything all the time. Fautanu grew up wearing No. 43 too until his coaches at Liberty High in Henderson, Nevada, moved him to offensive line as a sophomore. Fautanu's number changed. His

  • Q1 2024 Comcast Corp Earnings Call

    Q1 2024 Comcast Corp Earnings Call