13 Mistakes for Retirees to Avoid

Here are 13 money mistakes retirees should try to avoid:

1. Not having a retirement distribution strategy that’s tax-efficient.
2. Not waiting for Social Security.
3. Focusing more on returns than predictable income.
4. Being too conservative when investing.
5. Taking investment advice from family and friends.
6. Failing to account for personal spending decisions.
7. Supporting adult children.
8. Being over-invested in the home.
9. Not considering how expenses change in retirement. 
10. Worrying about taxes more than return on investment. 
11. Forgetting to create an estate plan. 
12. Spending too much early on in retirement. 
13. Not being on the same page as your spouse.

See Laura Shin, The 13 Biggest Money Mistakes Retirees Make, Forbes, Jan. 3, 2014.