20 Retirement Mistakes That Many People End Up Regretting Later

Retirement should be the time to enjoy life, but financial stress can easily overshadow those golden years. This problem is all too common. Many retirees make financial decisions based on assumptions that no longer apply once they’ve left the workforce.

A 2023 study by the Transamerica Center for Retirement Studies shows that nearly 50% of retirees are worried about outliving their savings. Without the right guidance, these mistakes can lead to financial strain, forcing retirees to downsize their lifestyle or even return to work.

In this article, we’ll reveal 20 common retirement mistakes that could cost you thousands. By the end, you’ll know how to protect your savings, avoid financial stress, and make the most of your retirement years.