Retired in USA

Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

11 Reckless Ways Seniors Spend Their Money

May 13, 2022 · Personal Finance
money
Photo by ub-foto from Shutterstock

Investment fees

While a financial advisor can represent a great asset in matters of retirement planning, make sure you won’t be paying them higher fees than you need to be. Investment fees might run 1-2% of your assets.

For those retirees that have invested over million dollars, that’s almost $10-20k a year. So if you’re only getting an hour of check-in per year, that is an expensive phone call. In case you’re constantly using an advisor, make sure you will go with a service that will match your cost.

And truth to be told, there are lots of online resources (such as this one) that could really improve your skills when it comes to learning financial advice.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • An older man sitting at his kitchen table under morning light, carefully reviewing his Social Security check and paper statements. 8 Signs Your Social Security Payment Was Miscalculated
  • A mature multi-ethnic couple reviews retirement documents together at a sunlit dining table in their home. 7 Social Security Rules for Non-Citizen Retirees
  • An older man sitting at a wooden table organizes medical documents and application papers in his warm, sunlit home. 8 Signs You Qualify for Expedited Social Security Processing
  • An ink and watercolor illustration of a winding path with signs for Age 62, Age 67, and Age 70, symbolizing retirement decisions. 9 Social Security Mistakes That Are Hard to Reverse
  • 7 Signs You Should Appeal a Social Security Decision 7 Signs You Should Appeal a Social Security Decision
  • A reflective woman in her early 60s sits in her sunlit living room, holding a ceramic mug and looking out the window. 8 Social Security Rules Divorced Spouses Often Miss
  • An ink and watercolor illustration of a magnifying glass over a Social Security statement, revealing a growing staircase of tree rings. 9 Signs Your Social Security Statement Underestimates Your Benefit
  • An older American couple sits on a sunlit European balcony overlooking the sea, planning their retirement journey together. 7 Social Security Rules That Change If You Live Abroad
  • An older woman sits thoughtfully at her dining table with documents and a warm mug, reflecting in soft afternoon light. 8 Signs You Should File for Social Security Survivor Benefits
  • An ink and watercolor illustration of a happy senior couple reviewing papers together at a cozy dining table. 8 Programs Offering Free Tax Help to Seniors Regardless of Income Level

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

Horizontal bar chart showing the monthly Social Security gap between men receiving $2,198 and women receiving $1,760, illustrating a $438 de

Women Receive Smaller Social Security Benefits Than Men ($438 Less) – and the Gap Could Grow

Learn why the $438 monthly Social Security gender gap exists, how 2032 cuts could impact…

Read More →
A smiling retired woman in her 60s happily arranging a holiday book display in a cozy, sunlit neighborhood bookstore.

Best Seasonal Retail Jobs Retirees Can Land Before the Holiday Rush

Explore the best seasonal retail jobs for retirees to boost income before the holidays, featuring…

Read More →
An editorial illustration of a desk calendar transitioning from Age 67 to Age 68, with a golden sprout growing from the pages.

The Social Security Rule That Rewards Waiting Just One More Year

Delaying Social Security past Full Retirement Age boosts your permanent income by 8% per year.…

Read More →
An editorial illustration showing a balance scale where a coin labeled COLA is outweighed by grocery bags and medicine bottles.

What Retirees Need to Know Before the Next COLA Announcement

Prepare for the upcoming Social Security COLA announcement by understanding how benefit changes impact your…

Read More →
Photo-realistic, senior-friendly scene that visually introduces the section titled 'First, Understand the Big Picture: What Really Makes a State "Tax-Friendly"?.

The 8 Most Tax-Friendly States for Retirees in 2025

A senior couple studies a map and tablet outdoors, looking at the big picture for…

Read More →
A retired school teacher in her late 60s sits thoughtfully in her sunlit kitchen, holding a warm ceramic mug in natural golden hour light.

The Government Pension Offset Rule Still Catching Retirees Off Guard

Discover how the Social Security Fairness Act repeals the Government Pension Offset, tax impacts of…

Read More →
401k Loan

401k Loans: Are They REALLY Worth It?

How can you borrow from your 401k? While you can’t withdraw from a 401k without…

Read More →

Mastering Financial Wellness: 4 Essential Tips for Improvement

Simplify your path to financial wellness by tracking goals on your smartphone and planner during…

Read More →
A happy retired couple looking at a tablet in a bright, modern kitchen, representing Medicare financial planning.

18 Medicare Benefits That Won’t Cost You a Dime

Did you know Medicare covers 18 preventive services for free? Save on your $283 deductible…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Privacy Policy

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.