8 Mistakes That Will Leave You With No Money In Retirement
Everyone wants to enjoy retirement. Not stress about finances or paying bills. So, here are 8 ways that people can become poor in retirement. Check Out!
Everyone wants to enjoy retirement. Not stress about finances or paying bills. So, here are 8 ways that people can become poor in retirement. Check Out!
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Even with Medicare, some added medical costs can put a serious dent in your savings if they're not prepared.
Even with Medicare, some added medical costs can put a serious dent in your savings if they're not prepared.
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Forgetting Healthcare Isn't Free
01.
Without some liquid cash on hand, any unexpected expenses can lead to financial distress
Without some liquid cash on hand, any unexpected expenses can lead to financial distress
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No Emergency Stash
02.
Ignoring the impacts of rising costs can really devalue your retirement funds over time.
Ignoring the impacts of rising costs can really devalue your retirement funds over time.
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Forgetting About Inflation
03.
Overspending early in retirement can leave you strapped for cash down the road.
Overspending early in retirement can leave you strapped for cash down the road.
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No Spending Plan
04.
This is one of the common problems. Many folks don't have enough in the retirement piggy bank.
This is one of the common problems. Many folks don't have enough in the retirement piggy bank.
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Not Saving Enough For Retirement
05.
Relying only on stuff like pensions or Social Security is risky. Diversifying your income is the key here.
Relying only on stuff like pensions or Social Security is risky. Diversifying your income is the key here.
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Putting All The Money in One Place
06.
Also, Bad investments can expose your retirement funds to all kinds of unnecessary risks.
Also, Bad investments can expose your retirement funds to all kinds of unnecessary risks.
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Making Poor Investment Choices
07.
Modifying your crib for old age can cost you a pretty penny. Plus, it might not even increase your property value.
Modifying your crib for old age can cost you a pretty penny. Plus, it might not even increase your property value.