Why Coles (ASX:COL) shares could be perfect for retirees

If you’re a retiree, you might be looking for a way to generate an income after the rates on traditional interest-bearing investment products tumbled over the last few years.

For example, at present Commonwealth Bank of Australia (ASX: CBA) is offering savings accounts with interest rates of just 0.05% and term deposits with rates of only 0.35%.

How can retirees overcome low interest rates?

One way you can overcome low interest rates is by investing in dividend shares. Luckily, the Australian share market is home to a large number of them. But which ones should you buy?

One to consider is Coles Group Ltd (ASX: COL).

This supermarket giant could be a top option for retirees. This is due to Coles’ strong market position, solid…