Retirement investing does not have to be all about chasing the highest dividend yield.
I would still want businesses that can grow over time, while also providing some income along the way.
Wesfarmers is one of the first ASX shares to consider.
The group owns businesses including Bunnings, Kmart, Officeworks, and Priceline, giving it several sources of earnings across different parts of the Australian economy.
Bunnings has built a powerful position in home improvement, while Kmart continues to benefit from its focus on affordable products. Wesfarmers also has the financial strength to invest in existing businesses or pursue new opportunities when management sees attractive returns.
The company has also paid dividends consistently over many years.
CBA would give me a more traditional source of income.
Australian banking is a mature industry, so to not expect rapid earnings growth.
Sigma would be the more growth-focused choice of the three ASX shares.
Chemist Warehouse continues to expand its store network, while international markets such as New Zealand and the United Kingdom provide more room for growth.
For me, retirement would not mean giving up on growth.