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9 Expensive Mistakes of the Newly Retired

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Transitioning to retired life on a fixed income will undoubtedly have a few bumps in the road. This is a brand-new chapter of life for you, and it's reasonable to expect some challenges ahead. The last thing you want to do, however, is compromise your nest egg with costly, easily avoidable mistakes. After all, you need that money to get you through the rest of your life.

As such, consider these costly mistakes of the newly retired so you don't follow suit.

SEE ALSO ON KIPLINGER: 10 Least Tax-Friendly States for Retirees

This slide show is from Wise Bread, not the Kiplinger editorial staff.

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