Not yet retired folks – what do you look forward to buying ONCE you are retired?

Photo of Christy Bieber
By Christy Bieber Updated Published

Key Points

  • A Reddit thread asked future retirees what they hope to purchase in retirement.

  • Many people talked about vacation homes or travel.

  • If you want to be able to afford your ideal retirement, you need to save throughout your career.

  • If you're focused on picking the right stocks and ETFs you may be missing the bigger picture: retirement income. That is exactly what The Definitive Guide to Retirement Income was created to solve, and it's free today. Read more here
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Not yet retired folks – what do you look forward to buying ONCE you are retired?

© FamVeld / Shutterstock.com

Retirement is something many people dream of — and that’s not just because it means you’ll have the chance to stop going to work. Once you are retired, your time becomes your own and you can begin enjoying all the things you put off while you were busy earning a paycheck.

Many seniors can also start to make dream purchases they were putting off as they worked hard on retirement savings. 

What are some of those dream purchases exactly? It’s going to be different for every senior, but this Reddit thread shows some common trends. A poster started the thread by asking future retirees what they were looking forward to buying once their working days were done, and taking a look at the answers sheds a lot of light on what most people want their golden years to look like. 

Here’s what current workers want to do once they become retirees

Here are some of the things that Redditors said they were looking forward to purchasing after they stopped working:

  • A sports car
  • A vacation home or a lake home to live in during part of their retirement
  • A Tempurpedic bed or another type of new bed
  • A gym membership and one-on-one training
  • A National Park lifetime pass for seniors
  • A camper van or an RV

Each of these items was mentioned by several posters, and they aren’t surprising. Many people want more and better sleep once they aren’t being woken up by an alarm to go to work every day, and travel is of course an obvious plan for seniors — whether that means taking lavish vacations abroad as some mentioned, or heading around in a camper to see the sites across the USA. 

These planned purchases show a true desire to enjoy life, see more of the world, and live the way you may not have been able to when you were chained to your desk five days a week. 

You should take steps now to set yourself up for your dream retirement

Happy excited retired senior couple planning holiday trip together. Cheerful old people in hats and sunglasses choosing their dream destination on Earth globe. Traveling and active vacation concept

Studio Romantic / Shutterstock.com

While it’s perfectly natural to want to enjoy your senior years, most of these purchases can come at a big cost — especially if you want to buy a vacation home or spend your senior years on the plane or on the road.

If you want to be able to achieve your retirement dreams, this is something you should be working on throughout your working life. Specifically, you’ll want to make sure you are:

  • Investing in a tax-advantaged account like a 401(k)
  • Setting retirement goals so you have enough money to live on at a safe withdrawal rate
  • Contributing to your retirement investment accounts regularly each month so you’ll meet your target investing goals
  • Avoiding debt that will make it harder for you to save now or that you’ll still be stuck paying as a retiree

If you make investing for your future a top priority at a young age, you should easily be able to afford sports cars, vacation homes, or trips to your long-anticipated destinations. You owe it to yourself to be able to make these purchases and to have the retirement you deserve.

Photo of Christy Bieber
About the Author Christy Bieber →

Christy Bieber has been a personal finance and legal writer since 2008. She has a JD from UCLA School of Law and a BA in English, Media and Communications with a certification in business from the University of Rochester.  

Christy has been published by a wide variety of sites, including WSJ Buy Side, Forbes,  Kiplinger, Fox Business, Credit Karma, Insurify, and Annuity.org. In addition to writing for the web, she has also ghostwritten textbooks on business and law and served as a subject matter expert for course design. 

Continue Reading

Top Gaining Stocks

DELL Vol: 42,366,555
NTAP Vol: 15,911,807
NOW Vol: 68,243,561
IBM
IBM Vol: 28,527,546
HPE Vol: 86,996,387

Top Losing Stocks

CTRA Vol: 73,319,495
CLX Vol: 4,744,001
RMD Vol: 3,526,686
INTC Vol: 191,680,425
SWKS Vol: 5,407,806