The 20 Biggest Financial Mistakes Retirees Make

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Not Taking Inflation Into Account

Inflation rates change.   It’s inevitable and it happens every year.  Things that were fifty cents twenty years ago might cost a dollar or even more today.  Think the same things about your money.  Your investments of yesterday might be worth less today (hopefully more but don’t count on it).  Bottom line?  Do not plan to live on money that would have supported you fifty years ago.   So whenever you are planning investment returns, always account for your returns being at least 1-2% less due to inflation rates.