You’ve saved money for years. Now when you look at your statements from your savings account, investment portfolio, and retirement options, it just seems like too much. You won’t need all that money when you’re old, right? It’s better to take care of it now. You won’t have to worry about your accounts continuing to grow, and you can have some awesome things in the meantime.
1. Take the Ultimate Vacation
You know you’ve always wanted to travel. So, go ahead and do it in style. Pick your favorite destinations, and spend a week in each. Not only will the flight cost you – a round trip flight from New York to Sao Paulo is over $1,000 per person for example – you can live it up while you’re there. Five star hotels, chauffeurs, the best restaurants, and don’t forget to hit some shows. As you flit from one destination to another, you’re going to rack up bills like crazy.
2. Blow it All in Vegas
Ok, so you have a chance of winning some of your money back if you head to the casinos. However, if you have it in your head that you’re not coming back with any money, it’s not too hard to do. Make sure you play at the high roller tables or slots. Check out some of the best shows on the strip. It’s not too hard to find people to share the wealth with, if you’re having trouble. Take a group of friends and bankroll them, or find new friends at the casino.
3. Buy Your House Outright
Some people may say that this is a great way to use your money, and realistically, owning your house outright is a great step for your future. If you really want to use your retirement fund, but at the same time want to make a good investment, put it all into your home. Once the house is paid off, and you decide to start putting money back into your retirement plan, or you want to try something new with your investments, look into an annuity. It’s a great alternative to a typical retirement fund, and there are plenty of tools that can teach you how to calculate annuities, so first time investors can rest easy.
4. Play Board Games in Style
Did you know that you can get rare and expensive versions of your favorite board games? There is a gold and jeweled Monopoly board that you can get for about $2 million. If you love chess, you can get a gold and platinum chess set for $7.8 million. If you don’t have quite that much to blow on board games, consider Outrage! Deluxe for $12,465. It’s surprising how much board games can go for these days.
5. Eat it Away
Do you love watermelon? Really, really love it? If you’re willing to pay for it, you can get one of the rarest forms of watermelon, the Densuke. It costs $6,100 per fruit. However, if you’re looking for something a little fishier, head to Masa in New York. This restaurant has an average check of $1,269. For a private meal in a separate room, you can check out Guy Savoy in Las Vegas. They offer a Krug menu that is $750 per person.
6. Buy a Town
Did you know that there are entire towns for sale? With the economic downturn the country has taken, there have been a number of towns that have been up for auction. For example, Toomsboro, Georgia was on the auction block for $2.5 million in 2012.
7. Buy an Amazing Car
It’s not difficult to find a car that looks amazing and costs more than your house. Consider a Lamborghini Reventon. It’s worth $1,454,400. There were only 20 of these cars scheduled for production, making it an expensive and rare find. On top of that, the car can go from 0-60 in 3.4 seconds. If you don’t have enough for the Lamborghini, the Leblanc Mirabeau is only $792,000. It can go up to 220 miles per hour and has a 700 horsepower engine.
8. Give to Charity
You don’t want your money sitting around, but you want to do something good for the world, right? Give your money to the charity of your choice. Now, don’t get stingy – make sure you give it all away. If you really want to, you can break it up and contribute to multiple charities. Just remember, if you give your money to charity, it might be used for something constructive, rather than crazy things like gold Monopoly boards.
There are many things you can do with your retirement fund. However, it might be a good idea to keep some around for after you’re done working.