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3 money mistakes to avoid once you reach full retirement age After reaching retirement age with sizeable nest egg consisting of 401(k) plan, Roth and traditional IRAs and taxable accounts, clients should have a tax-efficient withdrawal strategy to tap their savings, according to Motley Fool. Those who consider making a major property investment such as a recreational vehicle or a second home may consider renting one first before buying one. Retirees also need not transfer all their assets to bonds and other safe investments, meaning they have to keep some of their risky investments, such as high-quality dividend stocks, which have a high potential of producing the needed income. --The Motley Fool
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