How can elderly adults improve their balance and reduce risk of falling?

Exercise/Vision/Plan. The government offers many resources for exercise that improves strength, balance, and fitness. See http://go4life.nia.nih.gov/ also look for a local program in your area called a matter of balance. http://www.ncoa.org/improve-health/center-for-healthy-aging/a-matter-of-balance.html maintaining good vision and removal of potential stumbling blocks at home are also important to avoid falls.