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May 11, 2026

Over 60? These 4 financial moves might offer your best ‘return' on investment

  • If your retirement plan is in good shape, you can put more weight on allocating to decisions that deliver a psychological return rather than a financial one.
  • By CHRISTINE BENZ
    Morningstar

    For people hurtling toward retirement, the standard personal finance advice is to continue to fund your retirement accounts as aggressively as you can, including taking advantage of catch-up contributions.

    Those additional contributions can add up to a tidy sum in retirement, but after age 60, they have fewer years to compound, and the tax deferral isn't as valuable. If your retirement numbers are in relatively good shape, however, consider these four spending strategies with a positive psychological payoff.


     
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