7 Common Retirement Spending Mistakes To Avoid

Many pre-retirees and retirees make serious mistakes regarding their retirement income and spending for living expenses. This is very understandable, since building sources of lifetime retirement income can be complicated and beyond someone’s skill set. Preparing retirement budgets can also be time consuming and frustrating.

As a result, either you might spend too much, which increases your chance of running out money, or you’re very cautious and might spend less than you could have and miss out on fully enjoying your retirement.