What are the biggest mistakes retirees make?
Unfortunately, some retirees just don’t have a financial plan, which can lead to over-spending or under-spending as a result. Ironically, many newly retired workers are too conservative. Our experience has been that some retirees should spend more money in the first few years of retirement and enjoy their health and high energy. They also have a backlog of “to-dos” that they have been wanting to experience like travel, cruise, etc. Often we find that, unless prompted to start enjoying life, some retirees settle into an attitude of “we have to save the money for later.
