We might plan a big trip. My wife’s always been after me to go to Alaska; last year we rented a condo on the Gulf shore for the month of January. We might also think about buying a car. And if we had to downsize to a new home so there’d be less yard work, we’d have to put a bit of money into our current place. But our plans are to stay here as long as we can.”

- Bill D., 67
Kent, Ohio

We’ve decided to do a major home renovation — so we’re buying new appliances and granite countertops and re-tiling the bathrooms. Our house is 20 years old and paid for, and we’ve only done the basics so far. But we’ve done nothing to bring it into the 21st Century.”

- Becky S., 61
Gainesville, Ga.

It will definitely be a new home. We’re downsizing. Our last child graduated from college last year and we have empty rooms to fill. We have a five-bedroom right now and are looking for more of a condo or townhouse. One with maybe one extra room for when the kids visit.”

- Sam P., 64
Nashville, Tenn.

A cruise! For the last several years my husband and I have been taking a cruise a year. This year we’ve already booked our boat. We’re taking the Alaskan cruise, which we haven’t taken before. We’re sort of amateur bird watchers, so we’re looking forward to the wildlife we expect to see off the deck.”

- Rachel W., 65
Los Angeles, Calif.