Preparing for retirement involves more than just saving money. Certified financial planner Kevin Lum suggests buying key items before retirement to avoid higher costs later. Lum advises selling certain items before retiring and emphasizes the importance of taking care of medical expenses and buying a home before quitting your W-2 job. Upgrading your home for efficiency and spending money from savings while still working can also help prepare for retirement. Additionally, Lum recommends paying off a reliable car and planning and paying for a dream trip before retiring to reduce stress and save money.

Read more at Yahoo Finance: Buy These 5 Things Before You Retire, According to Kevin Lum