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From Motley Fool's Selena Maranjian:

There are many mistakes you can make as you approach and enter retirement, some worse than others. You might pay higher fees than you need to, for example, or enter retirement with a lot of debt. But in the eyes of many people, the single greatest mistake you can make in retirement is spending too much. After all, overspending can have you outliving your nest egg, putting you in a financially precarious position late in life.

How does it happen?

Many retirees spend too much, but it happens in different ways, and for different reasons. Let's review some of them.

Read the whole thing at

- Matt
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