#2 Insurance

These are some of the purchases that you should never skip, no matter what. Whether we are talking about car insurance, life insurance, or even signing up for Medicare, as a retiree you have to make sure that you are insured. Not only will most of them ensure that you are going to have a good quality of life, but some of them will protect your assets and your interests in the eventuality that you go faster than you should have.

Sure, they are not really a purchase if we follow the actual definition of the term, but they are investments in your future. The best one you can make even before you retire is to do your research and open an HSA, a health savings account, as soon as you enter the workforce or as soon as it is possible for you.

The HSA will be using pre-tax money to fund future medical issues you have, and even if you leave your job, you can still keep the account. A lot of Americans like to use it as a retirement account since it also grows tax-free, and it is a sort of purchase that is definitely worth looking into!