4 Retirement Mistakes to Avoid in 2020
Retirement is an exciting milestone to look forward to -- but also a potentially stressful one, at least from a financial perspective. And if you're not careful about how you manage your money, you could all too easily wind up cash-strapped and miserable. With that in mind, here are a few key mistakes to avoid in the coming year.
Without a budget, you'll have a hard time keeping track of your spending in retirement. And when you're working with a fixed income, that's problematic. A better plan, therefore, is to go through your expenses, figure out exactly what your bills look like, and make sure you have enough retirement income to keep up with them. If you're cutting it dangerously close every month, you may need to start scaling back in certain spending categories to ensure that you don't deplete your retirement savings too rapidly.
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Source Fool.com
