Are stocks really too risky for seniors?

The older you are, the less risk you should have in your financial portfolio. Does that mean that stocks are too risky for seniors?

My brothers and I were recently at a meeting to help my mother manage some of her finances. She sold her house and needed to put her money into something low risk.  As with most people of her age and even a couple decades younger, she has a high aversion for risk. [Read more…]