Ken Kilmer, Financial Advisor at RBC Wealth Management

If you're over 60 and your retirement plan is in solid shape, not every financial decision needs to maximize investment returns. Sometimes the best "returns" come from peace of mind and a bit more joy.

This article highlights four moves worth considering:

1. Tackle big expenses while still working
That new roof or car replacement? Do it now so you won't have to pull from your portfolio in early retirement.

2. Pay down your mortgage
The math might not always favor it, but I've never met anyone who regretted entering retirement debt-free.

3. Build liquid reserves in a taxable account
Less tax-efficient than retirement accounts? Yes. But the flexibility is worth its weight in gold.

4. Splurge a little now
Take that big trip. Invest in experiences you've been putting off. You're still earning income and healthy enough to enjoy it—timing matters.

Here's what is worth noting: If your numbers are good, it's okay to shift some focus from pure optimization to actually living the life you've been planning for.

Over 60? These 4 Financial Moves Might Offer Your Best ‘Return’ on Investment If your plan is in good shape, you can put more weight on allocating to decisions that deliver a psychological return rather than a financial one.

In the Investor's Edge newsletter for winter 2026, gain insights on financial tips for the new year and, inspired by the Winter Games, how to medal in your financial life. Read the full newsletter for these ideas and more to help with your wealth planning in 2026.

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As you wrap up the year, take time for an annual financial review. Acknowledge your achievements and set goals for 2026. Call me with any wealth planning or investing questions.

In the Investor’s Edge newsletter for fall 2025, gain tips on using RMD funds, scoring a touchdown with wealth planning, investing when young, key strategic considerations for business owners and business succession planning.

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