7 things retirees spend too much money on

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1.Medicines:

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2.Charities:

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3.Luxury Automobiles:

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4.Groceries:

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5.Gifts to Friends and Relatives:

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6.Large Houses:

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7.Vacation:

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7 things retirees spend too much money on

1.Medicines:

Healthcare expenses are one of the top costs that most retirees face.

2.Charities:

Many retirees give a large portion of their income to friends and relatives.

3.Luxury Automobiles:

Retirees are often tempted to buy luxury vehicles – such as the premier homes they can see.

4.Groceries:

Retirees tend to spend more money on groceries, where it's easier to both save money and spend more.

5.Gifts to Friends and Relatives:

Some retirees share the wealth accumulated during their lives with their friends and loved ones.

6.Large Houses:

Most retirees are in a position to expand into spacious luxury homes.

7.Vacation:

One of the first things many retirees want to do is go on vacation.

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