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What are the risks and benefits of investing in bonds for senior citizens?


Investing in bonds can be a suitable option for senior citizens as they offer stable returns and regular interest payouts, making them ideal for generating a steady income. Government-backed bonds, in particular, provide added safety, while certain corporate bonds may offer better returns compared to traditional fixed deposits. However, investors should select bonds carefully, considering their financial goals, risk appetite and income needs, to ensure a balanced and secure investment approach.