6 Smart Investment Moves I Made After 60
The best decisions of my life as a 60-year-old.
- Cyra Sanchez
- 3 min read

I went with lower-risk investments, diversification and passive income. I scheduled regular financial check-ins to keep me on track. Wells said these prudent decisions helped lead to a secure and happy retirement.
1. Maximized Retirement Account Contributions
SHVETS production on Pexels
Knowing time was running out on my peak earning years, I stuffed as much as I could into my IRA accounts. Not only did this help to build my nest egg for retirement, it allowed me to take advantage of some great tax benefits. Now by maximizing these contributions, I set myself up for a better retirement.
2. Adjusted My Investment Portfolio for Stability
Tima Miroshnichenko on Pexels
Realizing that my risk tolerance had changed, I adjusted my portfolio so that I had a greater percentage of bonds and cash reserves. This change was intended to help preserve my assets from market fluctuations and still give growth opportunities. Putting stability ahead of aggressive growth kept my capital intact as retirement approached.
3. Explored High-Return, Low-Risk Investment Options
Kindel Media on Pexels
Wanting to earn more money but not willing to risk of losing money, I poured all my funds into high-yield savings accounts and certificates of deposit (CDs). These instruments provided superior returns relative to traditional savings accounts, with low risk. This strategy gave me a dependable income stream to finance my retirement lifestyle.
4. Considered Downsizing to Reduce Expenses
cottonbro studio on Pexels
Confronting the reality of a static income, I considered the advantages of downsizing into a smaller house. Moving to a smaller house lowered my housing costs. I pay less for maintenance and property taxes, leaving more money for all of my other priorities. It freed up extra funds that I poured into experiences and investments that enriched my retirement years.
5. Secured Long-Term Care Insurance
Vlada Karpovich on Pexels
Recognizing that we may face health-related expenses in the future, I purchased long-term care insurance. This policy gave me peace of mind, knowing that I was insured for services like nursing care or assisted living if something went wrong. Scheduling the procedure in advance might save my savings from bleeding out because of unexpected medical bills.
6. Delayed Social Security Benefits to Increase Future Payouts
Kindel Media on Pexels
I also planned to maximize my Social Security payments by not taking Social Security until after the earliest eligibility age. Every year I waited would earn me a higher benefit, which would translate into a bigger paycheck later in life. This decision provided a more secure financial footing for my retirement in later years.
- Tags:
- smart
- investment
- moves
- after 60