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7 Dividend Stocks to Avoid in Your Retirement Portfolio
Income stocks and retirement go hand in hand because they are both built for the long term. You don’t buy stocks for their dividends for the short term. They are steady investments that enhance your wealth the old-timey way, slowly over time. The challenge is to find stocks that can maintain and grow their dividends year after year. If their dividends are solid, their business is likely solid as well, and you’ll also see stock price growth, too. But there are stocks in special categories — limited partnerships (LPs), real estate investment trusts (REITs), business development corporations (BDCs) — that are structured in such a way that they cut the investor directly in on net profits and can offer tantalizing dividend yields.InvestorPlace – Stock Market News, Stock Advice & Trading Tips 10 Dividend Aristocrat Stocks for Your Reliability Short List However, they can be cyclical, and those dividends may be here one day, gone the next. The seven dividend stocks to avoid in your retirement portfolio are unreliable stocks right now, so keep them out of your long-term plans. Boston Properties (NYSE:BXP) PPL Corp (NYSE:PPL) Energy Transfer LP (NYSE:ET) AT&T (NYSE:T) VF Corp (NYSE:VFC) Equity Residential (NYSE:EQR) Lamar Advertising (NASDAQ:LAMR) Retirement Stocks to Avoid: Boston Properties (BXP) Source: Shutterstock Real estate is hot, so why is this REIT on the list? Because it’s the wrong kind of…
