New to Retirement? Avoid These Rookie Mistakes
The early stages of retirement can be extremely exciting -- and probably a bit unsettling. After all, you're going from a full-time work schedule to suddenly having many free hours day after day, and that can be quite the adjustment.
But you'll also have to adjust financially to being retired. And for the smoothest transition possible, make sure to avoid these newbie mistakes.
You might assume that you won't end up spending that much money in retirement and therefore don't need to track your bills. But actually, your senior living costs may end up being higher than expected. You might think you'll spend very little on transportation, for example, in the absence of having to commute to work, but if you wind up driving a lot to get out of the house, your fuel costs may end up being comparable to what you spent while you were working.
Source Fool.com
