In retirement, spending habits can change drastically. The Go-Go years, typically 65 to 75, see retirees spending big on fulfilling bucket list dreams which may lead to regrets. A report by J.P. Morgan shows retiree spending decreasing by over 30% between ages 60 and 85 (1).
To protect your retirement savings, consider a Gold IRA as an option to hedge against inflation and market volatility. Gold prices have surged by nearly 70% in the past year, outpacing the S&P 500 index’s return (3). Goldco can help you secure your retirement fund with a gold IRA.
Saving money on overpriced insurance can provide extra cash for big purchases in retirement. The national average cost for full-coverage car insurance is $2,697 per year, but shopping around can lead to savings of up to $820 annually. OfficialCarInsurance.com can help you find the best rates for auto insurance.
Consider speaking to a financial advisor specializing in retirement planning to navigate the financial decisions needed to achieve your retirement goals. Advisor.com can match you with a fiduciary advisor who will act in your best interest. Book a free, no-obligation call to find the right fit for your needs.
Read more at Yahoo Finance: 5 big purchases retired boomers wish they could undo. Here’s how to avoid the same fate
