You’ve worked hard all your life, so you deserve to enjoy yourself in retirement. However, when you live on a fixed income, it’s important to keep track of where every dollar is going and not spend money carelessly. I spoke to financial experts and business leaders to find out the most common ways retirees waste money — so you know what not to do and can make better decisions that enable your retirement savings to last well into your golden years.
Last updated: Sept. 3, 2020
A financial advisor can be a great asset when it comes to retirement planning, but make sure you’re not paying them higher fees than you need to be.
“Investment fees can run 1-2% of your assets. For retirees with a million dollars invested that’s $10-20k a year,” said speaker, writer, teacher and financial coach Jillian Johnsrud. “If you’re only getting an hour