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There are countless financial news stories and articles about how much baby boomers should save for retirement, but not as much attention is paid to things that they should actually buy. While unrestrained spending is certainly a no-no in retirement, there are purchases that can increase your income stream, make your life easier or even allow you to save money going forward. These are the types of buys that boomers should consider.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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1 out of 8 ain't bad (I bought my Golden Access National Park pass the first day I was eligible). Countless entries and $5 camping since.
The other stuff... (AARP, Athletic shoes, dental work... I don't sweat, nor am I interested... yet). Investments... insurance... kinda late. Wish I had a dad who at age 18;would have said... "You know... if you buy that apartment building, mobile home park, commercial site.... you will never have to work 3500hrs / yr, or save pitiful pennies for retirement."
Maybe I'll buy an air conditioner for car or house if this annual heat wave becomes the norm. Or.... I can just go to my beautiful view daylight basement (57f). Or ride my motorcycle through the sprinklers at the cemetery on hot days. The kids really liked that daily adventure. (On our bikes). We also took an early morning ride to watch the backhoes dig graves. (Free entertainment that would be 'reflective' as a senior.
I could also head to southern hemisphere to cool off during USA summers.
As a 20 yr retired, I could make a much more relevant and useful list.
Was this done by AI? (doubt it)
23 yo 'influencer' likely.
Last edited by StealthRabbit; 09-20-2023 at 06:13 PM..
That lifetime National Park Pass that you become eligible to buy at the age of 62 for $80 (includes two people) sounds like a good deal to me. I can see giving one of those to my husband when he turns 62 as part of his birthday present, I wonder if I could be on his pass and get in for free or if I also have to be 62 before I can enjoy that perk.
As far as an AARP membership goes. Are they worth it?
I'm not trying to be cruel with this, but- burial insurance.
This gives your family time to arrange a memorial service, and they don't have to crowdsource money to get you buried or cremated.
Trust me, you're the Hero when you pre-pay for your own final needs.
It's not cruel at all. It's practical. I'd go so far as saying get it all prepaid now but I have no idea for sure where we are going to end up, so no sense on setting that all in stone now.
Roughly how much is burial insurance?
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