Retirement is a time when many seniors need to scale back on spending, especially those living off a fixed income. But there are some places where it’s smart to spend. According to an article by Moneywise, these are three purchases experts approve of:
Home renovations – You don’t need a HGTV-worthy kitchen or bathroom, but you should consider mobility and safety upgrades. This is particularly important if you plan to age in place. Seniors should consider modifications such as “improved lighting, bathroom grab bars, non-slip flooring, lever-style door handles, stair railings, curbless showers, and — when necessary — ramps or wider doorways.”
Assistive technology – Many seniors are now using wearable technology devices such as the Apple Watch because they offer fall detection, Medical ID access, and continuous heart-rate monitoring. Smart speakers and AI-enabled voice assistants are other great options for seniors. The article notes that they “can help you stay in touch with family or place calls using voice commands, which can be especially helpful if you’re injured or unable to reach a phone.”
Home gym – It’s wise to invest in your health and wellness. Regular exercise will improve strength and mobility. You don’t need expensive equipment. The article notes a “basic set-up focused on foundational movements should suffice.”
Council of Seniors Is Here to Help Older Americans
Those of us here are Council of Seniors also want to improve retirees’ health and wellness – and that starts with Congress enacting The SAVE Benefits Act. The passage of this bill can make up for Social Security cost-of-living adjustments (COLAs) that have let you down in recent years. If it passes, $581 will be returned to eligible seniors.
Sign our petition right now to show you’re on board with our effort.