4 Retiree Money Mistakes
In some ways, retirement has more financial complications than working life. Most retirees just want to relax and live off the money they've saved without worrying about a financial plan, but that attitude can lead to serious problems -- up to and including running out of money in mid-retirement. Here are some of the most common retiree money mistakes and how to avoid them.
As a retiree, you'll have numerous tax complications to juggle -- estimated quarterly tax payments, paying taxes on your retirement account distributions, Social Security benefits taxes, capital gains taxes on investments sold from standard brokerage accounts, etc. Finding ways to minimize taxes before you make any financial moves can save you a ton of money, allowing your retirement income to stretch a lot further.
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Source: Fool.com
