The 20 Biggest Financial Mistakes Retirees Make

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Making Risky Investments

Investing your hard earned money in something that does not have proven results can ultimately lead to a financial windfall. This is a poor strategy so try to avoid it at all costs.  A good rule of thumb is the older you get, the less your risk tolerance should be.  Stick with investing in things that are known to make money over time.   Examples might be annuities, bonds, “safe” stocks, CDs, Treasuries, etc etc.  Retirement is not something you want to leave to chance. You are gambling with your future so make it a wise gamble and avoid meme stocks.