RETIREMENT REGRETS: BIG PURCHASES THAT CAN HAUNT YOUR GOLDEN YEARS
There’s a reason they call the first few years of retirement the “go-go years.” The initial days of your retirement will likely be the most active and eventful. Once freed from the constraints of your career, you begin checking items and experiences off your bucket list and spending is at an all-time high. However, watch out for a few big purchases that most retirees almost always regret. Let’s take a look! A Large House Throughout your life, you likely grew accustomed to upsizing your home along the way. Now, at the peak of your net worth, you may have your eyes and goals set on your dream home. Retirees may be attracted to spacious properties or even vacation homes, only to find the upkeep and expenses are more than they can handle down the road. When the benefits don’t outweigh the cost, a large house often becomes a regret. Lavish Travel Retirement should be all about travel and bucket list items, right? Right! But, if you spend
a large chunk of your savings on an amazing around-the-world vacation right out of the gate, you may cripple your financial health later into your golden years. Many retirees often regret paying for expensive airfare, accommodations, meals, and other expenses. Opt for local wonders of the world to explore instead. Expensive Gifts It’s only natural to want to spoil your loved ones — especially as grandchildren come into the picture. However, many retirees often regret the extravagant gifts they generously gave early in their retirement because of the financial strain it created later. Your golden years should be a time of fulfillment and happiness, unburdened by financial stress and regrettable decisions. So, before you make any large purchases, whether it’s a luxury car, home, or vacation, be prudent with your spending and remember that your nest egg must last you for decades. Before you swipe the card or hand over the cash, make sure you have a long-term view in mind: no regrets.
RUN, WALK, OR TROT Join Us for the 9th Annual Tony’s Turkey Trot!
It’s that time of year again! The 9th Annual Tony’s Turkey Trot is just around the corner. Every year since the very first Tony’s Turkey Trot in 2015, Wolf Retirement Navigation has sponsored the race and participated in a morning filled with excitement, camaraderie, and a great cause! Not to mention, it’s great to get in some exercise before a huge Thanksgiving feast! Last year, we helped to raise $124,536, and these funds have assisted in supporting some great foundations, including: • The Brooks Brain Injury Clubhouse — Sponsors patients to attend a full-time day program that provides long-term recovery needs of individuals who have experienced an acquired neurological/brain injury • UF Health Jacksonville Leon L. Haley Jr., MD, Brain Wellness Program — Supports military veterans’ housing needs during a 3-week treatment
• UF Health Trauma Injury Prevention Program/Stop the Bleed — Teaches community members the vital skills needed to save someone’s life in the event of life-threatening bleeding, which can possibly cause brain damage. By participating in this fun 5K race on Thanksgiving morning, you will help to advance lifesaving care during the early critical stages of traumatic brain injury (TBI). We would love to have anyone join our Team “Wolfpack,” and we are always looking for volunteers to assist before and on race day! For more information, visit the Tony’s Turkey Trot website and give us a call to get signed up! 1stPlaceSports.com/races/tonys-turkey-trot-5k
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2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island
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