A common mistake for retirees is to invest too conservatively. Not having enough of your retirement portfolio in stocks, for example, can result in running out of money too quickly.
However, some stocks are horrible choices for retirees. Here’s how three in particular, Celldex Therapeutics (NASDAQ: CLDX), Exelixis (NASDAQ: EXEL), and Frontier Communications (NASDAQ: FTR), exemplify the kinds of stocks that retirees should avoid.
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