More things to buy just before retiring

Hi:

Besides a new vehicle and as large a line of credit as possible, what else might be wise to put in place before retirement?

Well, you might look at your appliances in a new light. Are you planning to move in the next couple of years or stay put for a while? This is a good question to ask in looking at replacement costs.

If you are planning on being in your current home for the long run, calculate the life left in your appliances. These can certainly be expensive to buy, especially if you are not bringing in extra income. You might consider replacing these now, before retirement

There are benefits to purchasing new. Newer appliances are much more energy efficient. For example, the newer style front-load washers use less water and are easier on the clothes.

An newer fridge might only use $50.00 of energy per year, while the second one down in the basement may be gobbling up energy. Newer fridges are also designed better, with the freezer on the bottom and easy access to food at eye level, which is more convenient.

Other things that might need replacement are lawn equipment, expensive sports equipment such as ski or golf gear, and expensive outdoor clothing. Fancy waterproof coats can be in the hundreds of dollars, and ski clothing price-tags are shockers.

Get it all while you have the bucks, because it might be more challenging later.

Talk soon.

M.