Many people reach their peak net worth right when they retire.
The Purchases Retirees Almost Always Regret
Many people reach their peak net worth right when they retire. This also happens to coincide with the feeling that it’s time to spend some of that net worth after working so hard to accumulate it over the years. However, without proper financial planning and budgeting, this can sometimes lead to a disastrous combination.
Certain retirement purchases, like big houses and expensive boats, are often regretted by retirees.
Buyer’s remorse can happen at any point in our lives including during retirement years.
Money is now tight for many Americans.
Retirees typically live on a fixed income, so every purchase must be carefully thought out.