Refusing to downsize
Housing is one of the main retiree expenses. That’s because a bigger house comes with more effort and money on maintenance, taxes, utilities, insurance and mortgage. You would think these reasons are enough to make empty nesters consider downsizing. But in reality, nearly a third move to a bigger house to make room for visiting family members.
Giving to charity
Donating and knowing you made a difference in someone else’s life, can make you feel quite good about yourself. But a big and generous heart can easily become the victim of pushy solicitors and scammers.
Seniors are particularly targeted by bogus charities due to their inability to say no to a good cause. Therefore, before opening your checkbook make sure you do it for the right cause and don’t jeopardize your savings.
