4 Luxury Brands That Are Worth the Investment for Retirees

While you may be living on a fixed income in retirement , there are some items that may be worth investing in. These high-quality goods may be worth the price because of their convenience, their quality or the fact that they retain their value.

Read Next: 6 Things Frugal Boomers Never Buy

Find Out: 7 Reasons Future Retirees Should Consider a Financial Advisor

Whether you are buying something for your home or for your closet, you need to consider several factors, such as your lifestyle, where you live and whether the item will make your life easier. Buying a pricey product just for the name brand is not always worth it, particularly if you are on a tight budget. At GOBankingRates, we searched high and low to find four luxury brands that are worth the investment for retirees. Here are four items you might want to consider from luxury brands if you are retiring now or in the near future .

Earning passive income doesn't need to be difficult. You can start this week.

Canada Goose Winter Coat

• Price: $450 to $1,595-plus

If you are retiring in a colder climate and aren’t ready to be a “snowbird,” you will want to invest in a high-quality winter coat. Staying warm is essential during the winter months, and if you have never lived where it snows, you will find out pretty quickly that not all outerwear is created equal.

While a top-tier coat can range in price, one of the highest rated for women is the Marlow Coat from Canada Goose. It was recently rated a best splurge in Travel + Leisure , but it isn’t cheap. The jacket is $1,375, according to the manufacturer’s website. But for those wanting a coat that won’t wear out after the first few winters, it may be worth the investment.

Try This: Cutting Expenses for Retirement? Here’s the No. 1 Thing To Get Rid Of First

Sub-Zero Refrigerator

• Price: $8,000 to $10,000-plus

Undoubtedly, you have heard that appliances simply aren’t made the way they used to be, and, for most appliances, it’s true. According to The Washington Post , the latest models often have shorter life spans than their predecessors. They are complex machines with expensive technology. They also require more maintenance and use lower-quality materials. This means the days of keeping a refrigerator for 20 years may be long gone.

So if you don’t want to have a repairman out every other year or have to replace your fridge with a newer model because the parts no longer work, you may want to consider a high-end one that is built to last. Sub-Zero refrigerators are expensive, often costing over $10,000, but many people argue they are worth the price. They are considered long-lasting and reliable. It was recently named the best high-end refrigerator brand by Reader’s Digest and is among the highest rated in the industry.

Casterly Furniture

• Price: $1,200 to $5,000-plus

If you are retired or looking to retire, you may want to think about replacing any worn-out furniture that you have lurking in your home. Your days of building Ikea end tables may be behind you, so it is a good idea to invest in durable pieces that not only look great but will last the test of time. Unless you have budgeted for new furniture every few years, then you won’t want to have an unexpected expense to replace a broken-down couch or dented dining table.

When shopping for new pieces, you will want to be sure that you take into consideration age-related needs and your lifestyle. If you have grandkids who visit often, you might want to avoid furniture with sharp edges. If you have a bad back, you will want to snag high-sitting chairs and couches. While designer items may be costly, they can be worth it in the end since you won’t have to replace them every few years. For example, consider this dining set from Casterly, a brand that Harper’s Bazaar recently named one of the 20 best luxury furniture brands worth investing in.

Apple MacBook Pro

• Price: $1,000 to $3,500-plus

Technology is something that people of every generation must embrace. While you may not be considered a digital native, you can still join the revolution with the newest gadgets. It is important, however, to not get caught up in seasonal trends since technology changes rapidly and is outdated before you even get the product home. You will want to choose a laptop or desktop that is easy to use and has enough storage space that you won’t have to keep buying more each month.

If you are in the market for a new computer when you retire, consider the 16-inch Apple MacBook Pro , which was recently named the 2024 best laptop for seniors by Medium .

This article originally appeared on GOBankingRates.com : 4 Luxury Brands That Are Worth the Investment for Retirees