As long as seniors stick with large investment firms , or CPA's , they probably won't get into that much trouble. But, watch out for the person who cold-calls you and immediately wants you to buy something. Chances are, if this person urges that you 'have to buy today,' you don't want to do it. Nothing is that important that you can't have time to think about it. People usually lose money when they have been pushed in to a bad decision.
Many people feel the current stock market is over valued.
What advice can you offer those who are considering moving their money out of it and into 'safer' types of accounts. People always think the market is overvalued. The biggest risk someone faces today is not if the market drops by 200 points today, but if it goes up 2000 points tomorrow. You have to be right twice when moving your money around. When you pull it out and when you get back in.