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12 Huge Financial Mistakes Most Seniors Make Before Retirement

April 14, 2021 · Saving & Spending
A happy senior couple walking through their garden, symbolizing home equity and security.
A smiling couple strolls through a lush garden, enjoying the freedom of a well-planned financial future.

You Haven’t Thought Through What Is Really Important to You

How much TV do you watch nowadays? How much TV do you think you’ll watch when you retire? According to the American Time Use Survey, people over the age of 65 spend more time in front of the TV than younger people despite enjoying it less. Watching TV accounted for a whopping 25% to 30% of waking time!

Doesn’t sound like a good way to spend your golden years, does it?

You probably already know what is important to you, but assuming you’ll have the means to do those things is dangerous. Instead, plan for your favorite hobbies ahead of time. Your retirement should be about spending quality time and you shouldn’t see it as just the end of your career, as many seniors do!

The more you focus on things that are important to you, the easier it will be for you, along with a financial planner, to come up with a comprehensive, bulletproof plan!

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