5 Retirement Splurges That Can Save You Money in the Long Run

GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Financial Advisor Talking To Senior Couple.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you might read more about oureditorial guidelinesand our products and servicesreview methodology.

But what if spending more now could benefit you down the road?

Wisely investing money in your home, car, health and finances can help you come out ahead financially.

Here are five smart splurges retirees can make tosave money in the long run.

Investing in better insulation and sealing leaky ductwork can lower energy use and keep things comfortable year-round.

And for those whose homes dont have ductwork, an energy-efficient ductless mini-split unit could be ideal.

Even well-planned trips dont always go smoothly.

A canceled flight, lost luggage or a sudden health issue can quickly turn into a big expense.

For retirees taking longer or international trips, travel insurance can provide added security.

Companies likeTravelexalso offer coverage for preexisting conditions with a lookback period.

Some retirees find that working with a financial planner makes their money go further.

email sharing button

Hourly services are becoming more common, which can make financial advice more accessible for those with fixed budgets.

Retirees who dont want to spend thousands can also use DIY tools.

Regular exercise and preventive care can make a big difference in retirement.

For example, Medicare Advantage plans often include fitness programs likeSilverSneakers, which provides free gym memberships.