Planning for retirement can feel overwhelming — but what if a single smart move today could set you up for decades of financial freedom? Believe it or not, spending around $30,000 the right way now could make all the difference in retiring comfortably, maybe even like a millionaire.

GOBankingRates spoke with Clayton Eidson, founder and CEO of AZ Health Insurance Agents, to break down how a relatively modest investment in preparation can pay off big when it’s time to hang up the work boots.

“Specialized planning is the only way to preserve a lifestyle in retirement,” he said, and here’s how he went about it with his own money.

“The best $30,000 I have spent was on a complete overhaul of my own long-term care and life insurance strategy five years ago,” Eidson said.

He added that the average person thinks they are just going to pay for help as they get older, but costs are increasing much faster than investment returns can stay ahead of that.

“By funding a hybrid policy now, I am fixing my future care cost now at current rates and not having to worry about my kids having to pay my bills later on.”

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“This move enables me to be aggressive with my other investments since I know my biggest risk for the future is already paid for,” said Eidson.

By securing this foundational piece first, it’s easier to focus on growth opportunities without the constant worry of unexpected costs derailing your plans.

Essentially, you can take smarter risks elsewhere, knowing that your core safety net is locked in — turning potential stress into a clear path forward for building wealth.

According to Eidson, this long-term care coverage today is the only way to prevent a health crisis in the future from being a total financial disaster for your family.

By taking action now, you’re locking in protection at today’s rates and avoiding the stress of skyrocketing costs later.

It’s not just about your peace of mind — it’s about ensuring your loved ones aren’t burdened with unexpected bills when they should be focused on caring for you.

Preparing for retirement doesn’t have to be overwhelming — or require a seven-figure bank account.

A strategic investment of $30,000 today in long-term care and life insurance can lock in protection, safeguard your family, and give you the confidence to grow your other investments without worry.