Investing isn’t only for young people; financial opportunities are available for anyone, even the recently retired. For older adults, investing may offer a way to supplement Social Security, a retirement pension, or even build extra income for a future vacation. It’s important to remember that some special considerations come with being an older investor—and while we can’t guarantee your success, we can tell you where to start.

Here are five tips for those who are looking to build or expand their financial portfolio:

1. Get to Know Your Financial Options

You may have more options for investing than you realize; in fact, you might already be an active investor through your previous employer or career. There are three basic categories of investment options: stocks, bonds, and real estate. Each one has its risks and rewards:

Real Estate

Real estate is generally a safe investment for seniors in 2022. Still, it’s not always the simplest type of investment to develop. Over time, these physical assets can appreciate and provide a steady income stream if you choose to rent them out. A word of caution: real estate can be a very hands-on investment. It may not be the right choice if you have limited mobility or time to manage it yourself.


Bonds are often a popular choice for older investors since they aren’t as risky or hands-on as stocks and real estate. Most bonds tend to offer less return than other options but have reduced overall risk.


Unlike bonds, stocks have the potential for high returns, but they come with higher risks. If you’re considering investing in stocks, it’s essential to do your research and understand the risks involved before making any decisions. In most cases, it’s good to connect with a professional to help you navigate your options.

2. Work with a Financial Advisor

A financial adviser can help create a personalized investment plan that considers your unique circumstances. This customization opens the doors for various individuals who may have different goals and needs than other investors. Here are some factors to consider when looking for a financial planner:

Credentials and Experience

What is the adviser’s professional background, and how long have they worked in the field? Do they have any certifications or special designations that indicate expertise in investing for seniors?

Services Offered

Advisers offer different services, from helping you plan your investment strategy to managing your portfolio. Ensure that the advisor you find offers the services you’re looking for and fits within your budget.

Forms of Communication

Be sure to work with an adviser with whom you feel comfortable communicating. Do they explain things so that you can understand? Are they responsive to your questions and concerns?

3. Keep an Eye on Your Portfolio

Once you’ve started exploring potential investment opportunities, keep tabs on your progress. Regularly review your investment portfolio to assess whether it aligns with your goals and risk tolerance. If you notice any shifts in your investment approach, don’t be afraid to make adjustments to ensure you’re still on track for success. You should ask for help if you’re unsure what to do. Only listen to voices you trust!

4. Be Cautious of Investment Scams

Unfortunately, countless scams target older investors. Keep an eye out for any suspicious offers or pitches, and do your research before making major financial decisions. If something sounds too good to be true, it probably is. Here’s how to tell if an investment is a scam:

  • You’re promised guaranteed returns with little or no risk
  • You’re asked to wire money or send a check to an individual 
  • You’re pressured to buy an investment quickly before you have time to think
  • You’re told that the investment is only available for a limited time
  • The person selling the investment won’t give you written information about it

It’s always best to be cautious about your hard-earned money. If you have any doubts or concerns about an investment, don’t hesitate to reach out to a trusted financial advisor for help.

5. Understand When to Sell

One of the most challenging aspects of investing is knowing when to sell an investment. This timing can be especially tricky for older adults; it can be nerve-wracking to make the final call! However, there are certain circumstances where selling may be the right choice. If, for example, you’re no longer comfortable taking on the risk of your investment, you may want to consider selling and moving into something more conservative.

It’s Never Too Late to Start Investing

Vineyard Senior Living can provide supportive structures and care services to ease the burden of day-to-day life so that you can focus on your financial future. No matter your age, it’s never too late to look into the safe investments for seniors 2022 offers.