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Retirees: Worried About CPP and OAS? Protect it With These 2 Stocks


Published on 2025-02-19 09:41:18 - MSN
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  • These two stocks can help as OAS and CPP continue to change, with retirees needing more cash than ever to adjust to inflation. The post Retirees: Worried About CPP and OAS? Protect it With These 2 Stocks appeared first on The Motley Fool Canada.

The article from MSN Money discusses the concerns of Canadian retirees regarding the sustainability of their Canada Pension Plan (CPP) and Old Age Security (OAS) benefits amidst economic uncertainties. It suggests that retirees can safeguard their financial future by investing in stable, dividend-paying stocks. Specifically, it highlights two stocks: Fortis Inc. (TSX:FTS), a utility company known for its consistent dividend growth for 50 consecutive years, offering a current yield of 4.4%, and Enbridge Inc. (TSX:ENB), an energy infrastructure company with a 29-year history of dividend increases, currently yielding 7.7%. These companies are recommended due to their reliable cash flows, essential services, and long-term dividend stability, which can help retirees supplement their government pensions and protect against potential reductions in CPP and OAS benefits.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/retirees-worried-about-cpp-and-oas-protect-it-with-these-2-stocks/ar-AA1zk4oZ ]