Sharing... https://www.youtube.com/watch?v=-rHmy5dPzfo This video calls out 10 things retirees with they knew... 1. I traded too much of my life for money 2. I didn't learn how to withdraw my money 3. I relied too much on CPP and OAS, and it wasn't enough 4. I gave too much money to my kids before securing myself 5. I waited too long to downsize 6. I didn't spend enough on my health 7. I didn't simplify my finances soon enough 8. I didn't plan for the cost of living alone 9. I underestimated inflation 10. I didn’t plan my retirement abroad properly, and it cost me
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3 Comments
Paul N@pauln · 15d
Make clear wills and also a a checklist of all your accounts, passwords, life insurance policies, final wishes, any financial information that a surviving spouse or child really needs to settle your estate. I’m kind of living this problem 2 years down the road and a simple estate is still not settled.
Ed
@edsam · 15d
11. I forgot to update credit card limits before retirement.
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