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.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Its one thing to look for deals, but its another to sacrifice health or well-being tosave some money.
Here are the line items experts recommend retirees not bargain-hunt for.
Also seethe one thing you should not get rid of when cutting expenses for retirement.
Bowdler recommended hiring reputable caretakers rather than going through an agency.
This way, those seeking care can vet the caretaker directly and ensure all their needs are met.
Home Adjustments
Some retirees might need to make changes to their home to accommodate their needs.
Long-Term Care Insurance
Insurance is often one of the top expenses for retirees.
Retirees should spend money for reliable professional advice.
Retirees should splurge on reputable professional help withfinancial planning, tax adviceand estate planning.
In this area, good advice should pay for itself.
Emergency Fund
Its a classic for a reason.
Kullberg explained that youre never too old to have an emergency fund.
Seniors can be especially vulnerable to getting into debt if they dont have adequate savings on hand for emergencies.
Retirees should allocate money to replenishing their emergency fund regularly, she said.
More From GOBankingRates
Share This Article:
