Retirees: Go Ahead and Spend More in the Go-Go Years

The investment industry is famous for focusing on "return on investment," but when it comes to your retirement nest egg, there's more to consider than simply saving money and earning a return on investments.

This singular focus has a significant flaw, because I believe anything that saves money or helps you squeeze the most enjoyment possible out of your time can be viewed as a return on investment during retirement.

Expenses as a Return on Investment

Even an expense can be viewed as an "investment" if that expense saves money in other ways. Take energy-efficient home upgrades, for example. If it costs $3,000 to insulate a home with new technology and that saves $50 per month on the power bill,