3 Costly Retirement Mistakes to Avoid
Chances are, you're looking forward to retirement and the chance to escape the daily grind. But if you're not careful, a few seemingly minor mistakes on your part could turn into major sources of financial stress over time. Here are a few such blunders you should make every effort to avoid.
Without a budget, you may have a hard time keeping your spending in check. And when you're retired and on a fixed income, that's problematic.
Even if you never followed a budget during your working years, setting one up is easy. Just list your expenses (keeping in mind that some may not recur monthly), figure out what they typically cost by reviewing your bank and credit card statements, and make sure your total costs don't put too much of a strain on your retirement savings.
Source Fool.com
