Senior citizens are usually suggested to avoid taking financial risks because they are usually not in a position to take risks because of age-related limitations. However, there are some situations when it is fine for them to take the risk. Here they are

Your retirement goalpost may change for factors like the working years left, health condition, lifestyle, income growth, expenses, debt, etc., so how can you know how much to save for old age?

People can go a long way in retirement planning if they consider it a roadmap towards financial freedom or a happy outcome at the end of their long, gruelling working life

Investing your retirement corpus of Rs 1 crore needs better planning than when you are working, as the risk-taking capacity exhausts after you retire and you do not have an income source

As you grow old, taking a loan or availing of new credit can become more challenging due to the uncertainties regarding your income, cash flow, financial soundness, and life expectancy. Several factors should be kept in mind when borrowing after your retirement