{"id":158055,"date":"2025-11-02T02:09:33","date_gmt":"2025-11-02T02:09:33","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/158055\/"},"modified":"2025-11-02T02:09:33","modified_gmt":"2025-11-02T02:09:33","slug":"heres-what-my-wealthy-retiree-clients-splurge-and-save-on","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/158055\/","title":{"rendered":"Here\u2019s What My Wealthy Retiree Clients Splurge and Save On"},"content":{"rendered":"\n

The wealthy often play by a different set of rules. While most retirees<\/a> watch every dollar, high-net-worth individuals are surprisingly intentional about where their money goes.<\/p>\n

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Many wealthy retirees don\u2019t splurge on everything just because they can; however, some expenses are worth every penny. According to financial planners, here are what their wealthier retiree clients splurge and save on<\/a>.<\/p>\n

\u201cFor many retirees, it\u2019s all about experiences,\u201d Carlos Rodriguez, a financial planner for Edelman Financial Engines<\/a>, wrote in an email. \u201cMulti-month trips that cover multiple countries or family reunions where everyone comes together are popular.\u201d<\/p>\n

Others will splurge on<\/a> their dream purchases, whether it\u2019s a car, boat or second home, they now have more time to enjoy.<\/p>\n

\u201cMany also find joy in supporting their loved ones with life-changing purchases like paying for a child\u2019s college, wedding, or first home or even making big charitable gifts,\u201d Rodriguez added.<\/p>\n

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Srbuhi Avetisyan, digital marketing manager at Owner.One<\/a> and co-author of Penguin Analytics, one of the largest studies on wealth continuity worldwide, also pointed out that spending by wealthy retirees often goes toward heritage-driven assets, such as jewelry collections, multigenerational travel and legacy homes.<\/p>\n

\u201cAccording to our case studies, families with annual incomes between $3 and $99 million disproportionately spend their retirement funds<\/a> on items that will have symbolic value for their heirs rather than on everyday necessities,\u201d Avetisyan explained. \u201cThis explains why 31% of assets are kept in safes, real estate or vaults; these are frequently more for legacy display than for investment return.\u201d<\/p>\n

Rodriguez wrote that retiree clients tend to be most careful about healthcare spending.<\/p>\n

\u201cHealthcare tends to be their big concern<\/a>. Future long-term care costs or needing to renovate a home for in-home care can weigh heavily on their savings,\u201d he explained.<\/p>\n

Avetisyan has also seen wealthy retirees be cautious about the continuity of healthcare, as well as liquidity.<\/p>\n

\u201cMany over-index on medical provisions while underestimating tax or probate timelines,\u201d Avetisyan explained. \u201cOur data shows that 47% of wealthy families concentrate assets in a single jurisdiction, and one motivation is ease of access to local healthcare funding. They also save specifically to cover long-term care and insurance structures that won\u2019t disrupt intergenerational transfer.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The wealthy often play by a different set of rules. While most retirees watch every dollar, high-net-worth individuals…\n","protected":false},"author":2,"featured_media":158056,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[79,91986,91987,18,17504,19,17,234,235],"class_list":{"0":"post-158055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-carlos-rodriguez","10":"tag-edelman-financial-engines","11":"tag-eire","12":"tag-financial-planners","13":"tag-ie","14":"tag-ireland","15":"tag-personal-finance","16":"tag-personalfinance"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115477673636827495","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/158055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=158055"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/158055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/158056"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=158055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=158055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=158055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}