The 20 Biggest Financial Mistakes Retirees Make

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Not Planning For Health Issues

You are not guaranteed great health later in life. In fact, most people will have some serious medical issue during their retirement years. It is very wise to plan for such situations so that you are not left helpless. Medical expenses can eat up your entire savings in a short amount of time.

Always make sure that you’re are properly insured with supplement plans and make a plan for long-term care in the event some serious illness affects you.