Secure your future with these financial planning tips tailored for seniors.

1. Assess Your Savings

Calculate your retirement needs based on expenses.

• Tool : Use a planner from Example Financial Advisor (nofollow).

2. Diversify Investments

Spread funds across stocks, bonds, and annuities for stability.

3. Budget Wisely

Track spending to avoid outliving savings.

4. Understand Medicare

Learn coverage options to manage healthcare costs.

5. Consult a Financial Advisor

Get personalized advice for your goals.

Visit Investopedia’s Retirement Guide for more. Check our Blog for additional insights.