The investment behavior of senior citizens is largely shaped by their perception of risk and the need for assured income during retirement. Unlike younger investors, senior citizens prioritize capital preservation, financial stability, and regular income over high returns. This article examines how risk perception influences investment decisions among senior citizens and highlights the importance of income security in shaping their financial choices. It explores the preference for low-risk instruments such as fixed deposits, government-backed savings schemes, pension plans, and post office savings, which offer safety and predictable returns. The study also discusses key factors affecting these decisions, including health concerns, longevity risk, inflation, financial literacy, and dependency on retirement income. By analyzing the behavioral and economic aspects of senior citizens’ investment patterns, the article emphasizes the need for tailored financial products and advisory services that address their unique requirements. The findings underline that a well-balanced investment approach—combining safety, liquidity, and moderate growth—is essential to ensure financial independence and peace of mind in old age. This research contributes to a better understanding of retirement-oriented investment strategies and provides insights for policymakers, financial institutions, and advisors in designing inclusive and secure financial solutions for the aging population.