3 Wise Investment Options for Seniors

(2 Minute Read)

Just because you’ve saved up for retirement doesn’t always mean you’ll have the funds necessary to get you through it. It’s hard to plan for everything that can come with retirement, especially higher medical bills. One thing to consider is that when you’re fully retired, you’re living on a fixed income. If you’re wondering how you can build your retirement account and make your retirement easier—and better—it may be worth considering these different investment opportunities.

Short Term Investments

Short term investments typically involve a lower risk with a lower reward. Not many major companies on the stock market experience drastic fluctuation day-in and day-out, but many of them consistently increase or decrease. Making short term investments in the stock market on a growing stock opportunity can give you short boosts to your funds. Talk with your financial advisor about possible short term investment opportunities worth making now.

Asset Allocation

Diversification is the key to a successful investment portfolio, no matter what your age. However, it becomes even more important after retirement when you’re working with a fixed income. Your investments should be balanced across the board but, more importantly, should reflect your tolerance for risk. It all comes down to personality and what is needed to live how you want to. A more conservative portfolio might focus more on levelling out the amount spent on stocks and bonds, whereas a more aggressive portfolio might consist of a higher percentage of stocks than bonds. The most important factor is understanding your individual situation and needs, so make sure you talk with a financial advisor before putting together any portfolio.

Selling a Life Insurance Policy

Many seniors own life insurance policies that they no longer need or want. What’s more, many seniors are retiring with barely enough money to live on, which makes it more difficult to justify premiums on those policies. A common misunderstanding is that it’s better to let a policy lapse, or surrender it and collect the small cash value in the policy. Selling a life insurance policy through a life settlement can give you as much as 7 times the cash surrender value eliminating premium payments on them. Many seniors find this to be a great way to use the assets available to them to increase their retirement funds immediately.

If you’re interested in making your unwanted life insurance policy work for you right now, check out our qualification calculator to see if you qualify for a life settlement!


Get in touch with Life Settlement Advisors today to take the first step toward converting your policy into cash.
Life Settlement Advisors
Leo LaGrotte
At Life Settlement Advisors, we strive to be a voice of confidence and assurance for our clients. Our goal is to educate you about the life settlement process so you can make an educated decision about whether it is right for you.