should I invest savings?

[james.hendrickson]

I am a retired 78y senior citizen. I have a large savings account in a bank, not sure whether to keep it there for safety or find some low risk investment? My monthly income is sufficient for my needs. Too old to take chances however. TIA hette

Have you considered a bond fund that pays monthly dividends? There are some good ones available from Vanguard.

[tom_a]

If you're interested in my opinion, I will recommend to invest a part of your savings, because money should work for more money. And why just a part, can you ask? Because you don't risk with all your money

[Sam1000]

You should first have an emergency fund before investing in anything. The emergency fund should be 3–6 months income, to keep you afloat in case life turns south. This money should be liquid - bank or money market.

Once you have an emergency fund in place and are cash-flow positive, then consider investing.