10 Worst Mistakes People Make After Retirement

7) Not Being Effective Tax-Wise During Retirement

Having multiple retirement accounts may sound ideal but you have to remember that each retirement account is being taxed differently. If you do not find a way to take out your money from your assets and your accounts, you could end up paying more taxes that you actually have to.

Finding the most cost-efficient way of being taxed during retirement is a complicated manner so you might want to make sure that you have a trusted financial planner to help you along the way.