8 Money Moves Retirees Almost Always Regret

Floral Separator 18 September 2022 By : Quick Insurance Guru

It's simple to believe that most of your significant financial decisions have been made once you've retired.

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Even though many of these costs may have been among your largest ever, retirement does not mean that your days of financial planning are over.

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1. Being Too Generous

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2. Not Budgeting Enough for Healthcare

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3. Ignoring the Effects of Inflation

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4. Investing Too Conservatively

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5. Being Too Trusting

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6. Claiming Social Security Too Early

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7. Taking On Additional Debt

[{"selector":"#anim-e138fb14-a8a6-4162-9e9b-88bace6ada74","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbfe8475-f660-41ac-8645-492260bbfcb7","keyframes":{"transform":["translate3d(0px, 90.30243%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ffe315bc-bd10-47af-9592-2c7923c55a3c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56e2381e-141d-4d7c-a14e-c26890eeae92","keyframes":{"transform":["translate3d(0px, 1168.88817%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb2e16da-23f5-4a58-b4b3-f98c3e3f1cd0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-946e1e5e-83dc-46d6-a6f9-b4adad7d7893","keyframes":{"transform":["translate3d(0px, 483.57516%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a716eb0-70dc-453d-bb24-0e606de47436","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9666bd9e-cd2d-4431-afaf-d484a7ce94f9","keyframes":{"transform":["translate3d(0px, 401.01015%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-edae4b98-8459-4b22-965c-459f5d127642","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-862f21e8-97e6-4296-9cf9-03628db2b898","keyframes":{"transform":["translate3d(0px, 241.89815%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Floral Separator Credit : Unsplash Inflation can reduce your purchasing power in retirement, but debt actually reduces your cash flow.

8. Refusing To Pick Up a Side Gig

[{"selector":"#anim-4f1ae0ee-7b91-4208-8452-d46946a69455","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f006b91d-ba48-4369-8013-5198f39ee395","keyframes":{"transform":["translate3d(0px, 90.30243%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41e244fa-3454-495e-9152-bedd9d0c1247","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b619f827-6526-4ccb-8e05-7661ebf3e38e","keyframes":{"transform":["translate3d(0px, 551.36281%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b38fe52-b2e0-47b6-8b21-5830de42e2a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98908e5b-6c2b-4c73-a381-7dc6e222765d","keyframes":{"transform":["translate3d(0px, 483.57516%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fe76f14-de15-4fcc-a1ff-a5ee4ca63d61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a65c96a8-5aa8-4b9f-a3d9-40e24ec4eb49","keyframes":{"transform":["translate3d(0px, 401.01015%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-df67e909-7fd1-49b3-bd91-a7874fd001cd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4d6c020-986a-4c15-a8c3-91dcf0dc3c3e","keyframes":{"transform":["translate3d(0px, 233.56480%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Floral Separator Credit : Unsplash The notion that "retirement" entails never working again is one that many retirees tenaciously hold onto.

THANKS FOR READING!

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