You’re in the retirement phase of life and for many people that means scaling back, living with less, living more simply, decluttering and, often, relocating. In speaking with my clients, many of them are concerned about their financial sustainability and often express regrets when it comes to some of their past big money expenditures.
Our conversations match up with a recent MSN article called Boomer’s Remorse. Among the purchases seniors tend to regret later are:
- Swimming Pool
- Your Child’s Wedding
- Timeshare
- Life Insurance
- Travel
The regret isn’t that money was spent on those items or events, but perhaps more often it is the amount that was spent. They feel they could have spent less and had more money to spread into other areas of their lives.
The article encourages readers to simply be selective when it comes to the financial splurge and make sure you have saved enough to take care of anything you’ll need.
You must be logged in to post a comment.