As baby boomers approach or enter retirement, investment strategies are shifting from high-growth stocks to more stable, income-generating assets. While many boomers still hold heavy stock allocations, with nearly 30% of individuals aged 60 to 65 investing almost entirely in equities, market volatility poses a risk to their financial security.
Indeed, given the volatility we’ve seen play out in the market of late, the search for defensive stocks to buy does appear to be on. These three blue-chip companies are among those I think are the most bulletproof, if we do see these recession fears boil over into a broader market downturn.
This post originally appeared at 24/7 Wall St.