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5 investment mistakes retirees should avoid Retired clients are advised to avoid having excess cash on hand, according to MarketWatch. With the level of inflation that retirees face from rising health care costs and general living expenses, hoarding cash is a sure way to lose money, according to this article. They also should avoid a concentration of assets on any certain asset class or type of investment. They should be particularly wary of any emotional links to an investment, which is "guaranteed to be a one-way street." They should either sell down any such holdings, or find a way to hedge them. And while a discussion of gold can quickly turn into a debate (gold bugs vs. gold haters), it does provide diversification from other assets, but still should not exceed 5% of total investable assets. And, of course, they should avoid investment types or financial products with hefty fees. — MarketWatch

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