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Heres a look at some of thebest advice retirees have received from financial advisors.
Strictly adhere to my set budget, he said.
Sticking to your budget helps maintain a lifestyle without compromising future financial security, he added.
He explained that this means taking into account all sources of income, expenses and future goals.
Create Income Buckets
Creating income bucketsis another great tip new retirees can glean from financial advisors.
Creating goals for the first year (hobbies, travel, volunteer work, etc.)
can be hugely beneficial after abig life change.
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