Cramer on Retirement: The Trouble With Target Funds

I suggest taking the more dividend-oriented stocks from the Action Alerts PLUS portfolio and make them your more secure income producers as you grow older.

Stocks such as Clorox(CLX) and Abbott Laboratories(ABT) , both Action Alerts PLUS picks, are poised for growth and pay a healthy dividend.

For the more aggressive side of your portfolio, choose high-growth stocks from the Action Alerts PLUS portfolio such as Disney(DIS) and TJX Companies(TJX) .

Disclosure: At the time of publication, Cramer was long Abbott Labs, Clorox, Disney, and TJX.