Are you looking for some ASX 200 shares to add to your retirement portfolio?
If you are, then the ASX 200 shares listed below could be top options in the current environment. Here's what you need to know about them:
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CSL Limited (ASX: CSL)
The first ASX 200 share that could be a top option for a retirement portfolio is CSL. It is one of the world's leading biotherapeutics companies and the owner of a collection of industry-leading, life-saving, and lucrative therapies such as Privigen, Hizentra, Idelvion, and Afstyla.
In addition, as well as not being afraid to make major earnings accretive acquisitions, the company reinvests in the region of 11% to 12% of its sales back into research and development (R&D) each year. This means that it has an R&D pipeline containing some very lucrative products that could support its future growth.
And with demand for its products unaffected by the overall economic environment, it has defensive qualities that could make it a good option for retirees.
Citi is very positive on CSL. It currently has a buy rating and $350 price target.
Telstra Group Ltd (ASX: TLS)
Another ASX 200 share that could be a great option for retirees is Telstra. It is Australia's largest telco, providing millions of people and businesses with internet and phone services across the country.
These are services that few would go without, even in a recession, which bodes well for Telstra in the current environment.
Another positive is the company's significantly improved outlook. After going backwards for a little under a decade, its earnings are heading in the right direction again. In fact, the company is targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY 2021 to FY 2025.
Goldman Sachs appears to believe that Telstra will deliver on its ambitions. It currently has a buy rating and $4.70 price target on its shares. It is also expecting fully franked dividend yields in the region of 4% for the coming years.
