Planning for retirement is more than just saving up—it’s about managing those savings wisely to avoid financial hardship later on. Unfortunately, many seniors fall into budgeting traps that leave them struggling to make ends meet just a few years into retirement. This video breaks down the most damaging mistakes that retirees often make, from misjudging long-term healthcare costs to relying too heavily on Social Security as a primary income source. These common errors can quickly deplete even a solid nest egg, leaving retirees unprepared for the rising cost of living.