3 Financial Mistakes People Make When They Retire

A lot of personal finance advice focuses on how to save enough for a secure retirement. But what happens when you're actually retired?

The money decisions you make as a retiree can still affect your financial security. And bad choices can be harder to recover from, because you can't necessarily just work more and increase your earnings to get back on track.

You don't want to run out of money too soon as a retiree, so it's important that you avoid a few big mistakes when it comes to handling your finances. Here are three of them.

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Source Fool.com