The 20 Biggest Financial Mistakes Retirees Make

retirement

Not Choosing A Beneficiary

If you don’t choose a beneficiary there’s bound to be major stress and issues when you are gone.  To avoid lengthy and expensive court issues, it is best to choose a beneficiary as soon as possible.  You can leave instructions in addition to selecting the beneficiary of any money or estate left after your passing. Your beneficiary can take care of other financial arrangements after you are gone, so be sure to choose wisely.  Think with your head, not your heart on this one.