Retirement planning emphasizes saving money, but certain expensive purchases should be made before retiring to save money and avoid financial stress during fixed-income years. Long-term care insurance costs increase with age, with premiums ranging from $950 to $6,000+ annually depending on coverage levels. Nearly 70% of Americans turning 65 will need long-term care, costing $75,504 to $116,800 annually.

Major home repairs can cost $10,000 to $50,000+, making them hard to afford on a fixed retirement income. The most expensive repairs include HVAC system replacement ($5,000-$15,000), foundation repairs ($3,000-$25,000+), roof replacement ($6,000+), and electrical system updates ($5,000-$15,000).

Buying a reliable vehicle before retirement is crucial as car loans become harder to qualify for on a fixed income. Purchasing a quality used vehicle at age 60-62 can last through age 75+, eliminating car payments during retirement and providing reliable transportation.

Replacing major appliances before retirement prevents emergency purchases on a fixed income and ensures ongoing savings through lower utility bills. Extended warranties for appliances can provide peace of mind for retirees wanting to avoid repair costs and service hassles.

Dental work and elective medical procedures become harder to afford in retirement due to limited insurance coverage and high out-of-pocket costs. Completing these procedures before retirement, along with major purchases, during the two to five years before retirement is optimal for income security, planning, health requirements, and tax advantages.

Read more at Yahoo Finance: 5 Expensive Items Everyone Should Buy Before Retiring