Author: Marc Lichtenfeld, Wealthy Retirement

Sticking to a few simple rules can vastly grow your wealth and reduce your financial stress in a meaningful way.

The company has a good track record when it comes to paying its dividend.

It’s growing its cash flow and has more than a decade-long streak of raising the payout.

Here are three products in particular that I despise and think are traps for retirees and pre-retirees.

It’s a ‘recession-proof’ name with growing cash flow and a stable dividend history.