Investing for Seniors Image

Investing for Seniors

Investing for SeniorsInvesting helps grow your money.  But with all the scams and information about investing, it is difficult to know where to start. Seniors are wise.  And we know to do our homework and ask many questions before we invest.  This post is about investing for seniors to help you decide if it is right for you.

Things to Consider Before You Invest

Know your goals for investing.  What do you want the money to do?  Do you want to provide income, pay off debt, pay for assisted living, or help a family member?  You want to clearly define your goals before you invest.  A financial planner can help you.

When you meet with your financial planner consider asking these questions:

  • What type of earnings can you expect on your investment?
  • What are the expected returns for the different investment vehicles?
  • What form of income will you receive-interest, dividends, other?
  • How quickly can you get your money, if you need to sell or cash in your investment?

Investing for Seniors Risk ImageWhat is your risk tolerance?  Knowing how you tolerate risk will help you pick the best investment option for you.  Typically, bonds are less risky and promise a fixed return.  In comparison, securities go up and down with the market which may cause stress.

How much risk is involved?  Investing carries risk.  Your financial planner can review the different products and the risk.  Typically, the higher the risk, the higher the return.

Ask about diversifying your risk.  A variety of investment options can help offset fluctuating returns with isolated vehicles.

What are the tax advantages with each investment strategy?  Taxes and penalties can quickly erode your gains.  Your financial planner can offer investment strategies that work best for your tax bracket.

Investing for seniors take strategy and professional help.  Unless you have a financial background, use caution if you are planning to invest on your own.  A financial planner can help you develop the right investment strategy to meet your goals.  You can learn more about investing at


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