6 BIG Purchases Retirees (Almost) Always Regret!

I retired at 53 thanks to my husband . It wouldn't have been possible without his company stock plan because it far exceeded the 401k we both have. He is six years older than me and was sick of the day to day grind but we had no clue if our savings and investments would be sufficient, we finally went to a financial management meeting and we make all decisions for a profitable Investment and prepared a plan for our early retirement. We should have done that years ago but never considered that we might ever have enough to retire early and I thank God and my husband for the ability to do investment . We are now financially stable with everything paid for and we have a good health insurance ! Don't wait time is something we have in short supply and no amount of money will buy you more, I pray that anyone who reads and held to this words will be successful in life too 🙏🙏🙏.

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

I'm not particularly startled by this. Things have changed. The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. I wouldn't have been able to do it otherwise.

1) High end car 2) Bigger house 3) Dream vacations 4) Giving expensive gifts 5) Giving cash gifts 6) Vacation home. My additions 7) Boat 8) Plane 9) Motorcycle 10) Cosmetic surgery Saved you some time

Im your typical millionaire next door. T shirts & jeans from Walmart. Still driving my 2009 Honda Civic. No debt. I love living under the radar. ALL dough, No show.

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

Now I’m 100, my plan is to go on being grateful for life with loving family, mobility and general good health🤗

I/we were on this path. Then she divorced me. Now I’m 63 and will most likely work until I’m 70. I count my blessings and am thankful. My 2013 Jeep has 210k miles and I don’t want or need another vehicle. My job provides a vehicle. My 1800 sqft home is about half paid for but I’ll get there. Never give up and always give thanks to the Lord. 🙏🏻

I used to agree with a lot of this and then I got cancer at 50. Post treatment now and starting to check a few things off my bucket list. Also drive a luxury car and enjoy every minute of it. Some folks spend their lives saving for a day that never comes.

Ultimately, it's essential to make thoughtful and informed decisions, keeping in mind personal financial goals, priorities, and long-term stability. I'd be retiring or working less in 5 years, and I'm curious how others split their pay, how much goes into savings, shopping, or investing; I earn roughly $250K per year but have nothing to show for it.

Actually, the one thing that turned out well for me was : we wanted to buy a travel trailer. We were very close to buying one and the deal went sour, so after that we stayed in hotels. What we missed was aging, having to hook unhook, driving a much larger rig and changing lanes in a distant city. Do the math, how many days, weeks can you stay in a hotel for the price of a travel trailer with much less hassle.

1. Expensive car 4:30 2. Bigger home 5:30 3. Lavish vacations 6:34 4. Expensive gifts 7:30 5. Regular cash gifts to family 8:34 6. Vacation home 9:05

As a grief purchase when my wife died from pancreatic cancer after retirement i purchased a Porsche. Costly, but every time i get in it to drive my spirits are lifted and it has been 10 years since i bought it. NO REGRETS!

The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2022.

One more thing we added was not dining out all of the time. We have retired friends who do that. Honestly we cook very healthy meals that taste far better than most restaurant food. My spouse and I enjoy cooking like a hobby so I suppose you have to share that passion to keep costs in check.

A non expense related comment, I can personally attest to: if you relocate to another house, strongly consider a single story abode. Stairs may pose no challenge when one is young and spry, but will be at a certain age.

I'd be retiring or working less in 5 years and I'm only curious how people split their pay, how much of it goes into savings, spendings or investments?? I earn around $165K per year but nothing to show for it yet

I'm in my 60's and have been retired for over 8 years now on a state pension and SS.  I've never had more disposable income than I have now.  My wife and I live very frugally - not out of necessity, but because we learned early not to be seduced by our nefarious consumer culture.  At this stage in one's life, you have the opportunity to assess your life and take advantage of your time to contemplate the silliness of most of society's activities.  I thinks its best to be able to learn to live mostly a solitary life, free from the BS of trying to impress other people ( who are mostly trying to impress others too) and concentrate on developing an understanding of yourself - which will take the rest of you life.  Have a great day!