The majority of Australians leave school or university at age 18 or 21 and spend the next 40 to 50 years working hard until their retirement. So, it’s fair to say they have well and truly contributed to society.
For this reason, most deserve to enjoy the benefits of some of the finer things in life when they do eventually stop working.
While it might take a bit of saving up over the years to be able to afford it, here are some of the things they may wish to aspire to.
1. Nice Home
It is still the Australian Dream to own a home, and by the time you’ve reached retirement, hopefully, you will be able to live in the kind of property you have always wanted to.
Whether this takes the form of a unit by the beach, a 3-bedroom house in the suburbs or a property at a supported independent living community, such as those offered by Vertika, depends on your circumstances and preferences.
However, the more upscale you can make it in terms of amenities and furnishings, the better.
2. Swimming Pool and Hot Tub
What can be better than a refreshing dip in a swimming pool on a sunny day or relaxing in the hot tub at night with a drink?
If this is your idea of the perfect way to relax, then it is something you should aim to incorporate in your home.
3. Sports Car
We’ve all got a dream car. For some, it's a Ferrari, while for others, it's a Porsche. Alternatively, the likes of Aston Martin, Lamborghini or Rolls Royce are on many people’s wish lists.
Whichever make of car you would most like to drive, you’ll have plenty of time to zip up the highways and byways of Australia until your heart is content if you are able to purchase that particular vehicle. Just make sure you stick to the speed limit if you do.
4. Overseas Travel
Overseas travel is a luxury many seniors in Australia look forward to when they retire. Particularly if it is done in style, such as business class flights or premium cruises to exotic locations around the world.
Travel undoubtedly broadens the mind. But depending on where you go it can come at a cost. For this reason, it’s a good idea to draw up a bucket list when you are working and establish a reasonable estimation of costs and budget to be able to afford it.
5. Yacht
For some Australians, the number one luxury item they would buy if they won the lottery is a yacht.
The thought of sailing around destinations like the Whitsunday Islands, Sydney Harbour, or Port Phillip Bay during their retirement years is something that has sustained many people during their working lives.
So, if you are able to purchase one with your savings, it would be a great upscale asset to have at your disposal.
6. Designer Jewellery
Exquisite designer jewellery is a luxury item that makes us look and, most importantly, feel better.
Encompassing anything from pearl ear-rings and diamond necklaces to 18 carat gold rings and couture bracelets, they are offered by a selection of exclusive brands.
If you are looking for jewellery that will make a real statement, pick your favourite offering from the likes of Tiffany, Bvlgari, Cartier and Chopard, and revel in the feel-good factor that comes with it.
7. Designer Clothes
Along with designer jewellery, it's always nice to have a wardrobe that matches.
You don’t have to have a complete set of clothing that is all made by the most upscale labels (though there is nothing wrong with that if you do).
However, it is worth having a couple of items, such as a custom-made suit or a couture ballgown, at least, that are appropriate for special occasions or when you want to turn heads.
8. High-End Electronics
Technology has moved so fast in the last decade that it can be difficult to catch up.
However, as they have been made for convenience, to maximise your level of comfort and enhance the overall quality of your life, there are many different devices, whose potential you should embrace.
For your needs, this could be anything from the latest iPhone or Smart TV to cameras or a robot vacuum cleaner. Whatever you are most likely to use when you are no longer working.
9. Coffee Machine
If you love coffee, then a luxury item you should consider in your retirement is a top-notch coffee machine, such as one a barista would use in your local cafe.
Imagine starting your day on your outdoor deck or patio, reading the paper whilst sipping that nice latte or espresso you’ve made from your Bezzara Arcadia. How good would that feel?
10. Michelin Star Meals
Every now and then, it's nice to go out and enjoy a delightful gastronomic experience.
So why not treat yourself to a meal at a Michelin-starred or Chef-hatted restaurant?
Your taste buds will undoubtedly thank you.