4. Invest In “Safe” Investments

Seasoned investors might have as much trouble with this tip as beginners, so don’t think you’re safe just because you’ve been around the (stock market) block a few times already.

We say that because younger people tend to be a little bit more aggressive with their investments. After all, they have plenty of time and money to really make it work. But as we grow older we have to be more careful with our portfolios. If you’re too bold you might end up losing all your retirement savings in one go.

Fixed annuities, government bonds, and CDs are perfect accounts for retirees. You can rely on them to keep your money afloat even if the market takes a beating. So even if a stock jock is selling you an opportunity of a lifetime, think twice about accepting their offer. Remember, it’s your safety net on the line!