Retired in USA

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

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

11 Ways Boomers Waste Money in Retirement

April 5, 2023 · Personal Finance
retirement money
Photo by DGLimages from Shutterstock

Now is finally the time to celebrate after all those years of carefully spending, saving, and working for your retirement funds. But make sure you don’t get too giddy about it, as there are still many obstacles you have to avoid financially.

For instance, you might be tempted to throw money at your adult children, as many loving parents do. But it would be an awful mistake. While you’ve earned the right to spend your hard-earned finances, some decisions still need to be carefully thought out in advance. Here are some of the worst mistakes you should avoid making:

Pages: 1 2 3 4 5 6 7 8 9

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Your email address will not be published.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

  • Smiling female park ranger with binoculars points from a wooden observation deck overlooking a river valley and mountains. 9 National Park Jobs for Retirees With Good Salaries
  • A senior man sits at a wooden table holding eyeglasses and reading a Social Security Administration benefit statement. What to Do the Day Your Personalized COLA Notice Arrives in December
  • A cracked glass leaking water on a wooden desk next to an open ledger, steaming mug, eyeglasses, and coins. 5 Silent Money Leaks in Your Retirement Budget
  • Senior couple smiling while reviewing paperwork, a notebook, and an asset allocation chart on a tablet in their kitchen. 10 Ways to Generate Retirement Income
  • A senior man fly-fishing from a wooden boat on a misty, calm lake surrounded by evergreen trees and mountains at sunrise. 10 Great Retirement Destinations for People Who Want to Fish More Often
  • Senior man in a visor holding a clipboard and pencil on a sunny golf course surrounded by palm trees. Top 5 Jobs For Seniors in Florida
  • An older man wearing glasses sits at a wooden table reviewing a Medicare Summary Notice and paperwork. Medicare 2027 Projections: Here's How Much Your Monthly Premiums Are Estimated to Rise
  • 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

Newsletter

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

Related Articles

tax changes

Shocking New Tax Changes Coming Up This Year

Hands hold a 2024 planner and pen, ready to navigate upcoming tax changes for a…

Read More →
Medicare open enrollment

Missed the Medicare Deadline? Your Options Aren’t Over Yet

Missed Medicare Open Enrollment? Here’s What to Know and What You Can Still Do If…

Read More →
is pension taxable income

“Is Pension Taxable Income” and Other Retirement Tax Questions From Retirees

As you transition into retirement, understanding how your income will be taxed is crucial for…

Read More →
A retired couple reviews financial papers at a sunlit kitchen table, planning their budget.

Retirees, Take Note: 4 Recent Social Security Changes You Can’t Afford to Miss

Discover the 4 key Social Security changes in 2026, including the 2.8% COLA bump, updated…

Read More →
7 Signs You Should Appeal a Social Security Decision

7 Signs You Should Appeal a Social Security Decision

Discover the 7 signs you should appeal a Social Security decision, avoid common errors, and…

Read More →
social security changes

5 Social Security Changes Coming In 2026

Will these Social Security changes impact you in 2026? As you already know, this pattern…

Read More →
A retired couple smiling while looking at a tablet on a sunny patio.

Best Annuity Rates for Retirees Right Now

Discover the best fixed annuity rates for retirees right now, compare MYGA yields against 401(k)s,…

Read More →
Social Security changes coming in 2024

2026 Social Security Benefits Increase Brings Biggest Raises in 10 States

Understanding the 2026 Social Security COLA For millions of Americans, Social Security isn’t just a…

Read More →
A senior couple looking concerned while reviewing financial information on a laptop in a sunlit kitchen.

AI-Generated Tax Mistakes Everyone Should Know About

AI chatbots can make costly mistakes with retiree taxes. Learn about the "training lag," HSA…

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.