Stable Income for Retirees: 3 Stocks to Hold Forever

As baby boomers reassess their income positions this August, they face the challenge of building a portfolio that generates a steady income stream regardless of market conditions.

A mix of dividend structures can help achieve this goal, with each type serving a different purpose. A defensive compounder acts as an anchor, providing stability and preservation of wealth, while a midstream MLP offers higher cash yields. A business development company (BDC) stretches for double-digit income where the risk premium justifies it.

Three dividend stocks that can reasonably be held for the rest of their lives are Procter & Gamble (PG), Enterprise Products Partners (EPD), and Ares Capital (ARCC). These companies have demonstrated stability, resilience, and growth potential.