No retiree can afford to make these financial mistakes.
In the previous article, we discussed the 13 biggest money mistakes people make in different stages of their lives. While debilitating, many people who make major money mistakes before retiring still have time to recover from it, and hopefully save up enough for a passable retirement.
However, the same cannot be said for retirees who are no longer producing income actively. One major mistake can wipe out the entire retirement fund and ruin years of savings, not to mention a terrible quality of life during your golden years.
It’s important not to mess up.