Today’s senior citizens definitely have more savings and investments compared to their parents, when they were retired, but the cost of living has multiplied manifold. Many of today’s retirees, unlike their parents, do not want to be financially dependent on their children’s earnings. While lifespan has increased, sky rocketing healthcare costs are also a serious concern for senior citizens. For senior citizens the four main investment considerations are:-
In this article we will discuss investment options for senior citizens keeping in these key investment considerations.
Conclusion
In this article, we have discussed investment options for senior citizens. A one size fits all investment solution does not work, because the financial situation and investment objectives of every individual investor is different. Senior citizens should consult with their financial advisors to discuss the best investment options that are suited to their specific needs.
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