Balance is important in every aspect of life. When it comes to planning and managing your retirement, this concept is especially vital.
Some people save their entire lives, put money away, deny themselves pleasures, and live in a financially conservative way. While this may allow them to be better prepared, their frugality can sometimes leave them feeling unfulfilled when retirement actually comes around.
While some people may regret being too careful, others go in the opposite direction. Some seniors make certain common mistakes that can diminish their financial standing and savings.
This highlights the importance of finding a logical middle ground, where you manage your money wisely but also enjoy retirement.
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