Avoid Financial Mistakes During Retirement

When you retire, you’ve learned a lot about all sorts of things, helping you avoid some of the mistakes you made earlier in life.

However, you may still be susceptible to financial missteps specifically related to your retirement years. How can you dodge these errors?

Consider these suggestions:

• Manage your withdrawal rate carefully. You will likely need to tap into your retirement accounts – your IRA and 401(k) or similar employer-sponsored plan. But you should establish an annual withdrawal rate that’s appropriate for your situation.

By withdrawing too much each year, especially in the ear...