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Common Money Mistakes to Avoid in Your 60s and 70s
Trivia: Which country has the most pyramids in the world?
RetireHub
February 16, 2026
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On this day in 1923, archaeologist Howard Carter opened the sealed burial chamber of King Tutankhamun’s tomb in Egypt, revealing one of the most famous discoveries in history. The treasure-filled tomb gave the world an extraordinary glimpse into ancient Egyptian life and remains one of archaeology’s greatest finds.
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Common Money Mistakes to Avoid in Your 60s and 70s
Your 60s and 70s can be some of the most fulfilling years of life — a time to enjoy retirement, travel, spend time with family, and focus on what matters most. But this stage also comes with important financial decisions. Avoiding a few common money mistakes can help you feel more secure and confident for the years ahead.
1. Overspending Early in Retirement
It’s natural to want to celebrate newfound freedom, but many retirees spend too much in the first few years without realizing how long their savings may need to last. A steady budget can help balance enjoyment today with comfort tomorrow.
2. Ignoring Healthcare Costs
Medical expenses often increase with age, even with Medicare. Prescription costs, dental work, hearing aids, and long-term care can add up quickly. Planning ahead — and reviewing supplemental insurance options — can prevent unpleasant surprises.
3. Not Updating Estate Plans
Many people create a will years ago and never revisit it. Life changes, family changes, and financial changes all matter. Updating beneficiaries, powers of attorney, and healthcare directives can ensure your wishes are honored.
4. Falling for Scams or Financial Pressure
Unfortunately, older adults are often targeted by scammers. Be cautious of urgent requests for money, unfamiliar calls, or “too good to be true” investments. A good rule: never rush a financial decision.
5. Helping Family at the Expense of Your Own Security
Supporting children or grandchildren can be meaningful, but it’s important not to jeopardize your own stability. If you want to help, consider setting clear limits or offering non-financial support as well.
6. Keeping All Your Money Too Conservative
Some seniors move everything into cash out of fear of market swings. While safety matters, inflation can slowly reduce purchasing power. A balanced approach may provide both stability and growth.
7. Not Asking for Guidance
Finances can feel complicated, but you don’t have to manage everything alone. Speaking with a trusted financial professional or advisor can help you make informed choices.
The good news? Avoiding these mistakes isn’t about being perfect — it’s about staying aware, planning wisely, and protecting the life you’ve worked so hard to build.
Which financial challenge feels most important to you right now? |
Yesterday’s Poll Results: What’s your favorite part of a potluck gathering?
These results show that for most people, the best part of a potluck is getting to sample everyone else’s delicious dishes and desserts — nearly half of voters chose this as their favorite! The conversation and shared time together also stood out as a major highlight, reminding us that potlucks are just as much about connection as they are about food. With smaller groups enjoying the relaxed hosting style, homemade contributions, and meeting new neighbors, it’s clear that potlucks offer a warm mix of comfort, community, and great flavors.
TOP COMMENTS
“A low stress and comfortable way to catch up with special people”
“All of the above! It's been years since I have done this, it was a family gathering.”
“Don’t enjoy potlucks.”
Walk Italy’s Land, Live Its History: A Journey Through Time on Foot
Instead of learning about Italy’s past from books or museums, the article highlights how a walking holiday across the Italian countryside offers a richer, more vivid connection to the nation’s history, from ancient civilizations to medieval villages and modern culture. As you traverse mountain trails, pilgrim routes, old roads, and regional landscapes, you start to see how geography, religion, trade, and daily life shaped the country over centuries — making historic events and sites feel far more meaningful in context. Along the way, local architecture, food traditions, and even small details like communal ovens or abandoned farmhouses help paint a living picture of how ordinary people lived and worked throughout Italian history.
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Slang Phrase of the Day
Phrase: Spunk mode
Meaning: Spunk mode is a fun, informal phrase that means being full of energy, confidence, and a little extra pep or spirit — especially when you’re feeling bold, motivated, or ready to take on the day.
In a sentence: “After my morning walk and a good cup of coffee, I was in spunk mode — ready to tackle my errands with a smile!”
Good News of the Day
Romantics Journey to Lover, England, to Send Valentine’s Cards from the “World’s Most Romantic Village”
Every February, visitors from across the UK travel to the small village of Lover in Wiltshire to send Valentine’s Day cards marked with its special postmark — a tradition that has turned the town into a beloved romantic destination. Residents and volunteers with the Lover Community Trust decorate the village with hearts, run a pop-up postal service, and send thousands of cards worldwide, even to far-off places like China and Antarctica, spreading love and connection. What started around the local post office’s annual Valentine’s rush has grown into a heart-warming event that brings people together and raises funds for community projects — proving that sometimes the sweetest traditions are the simplest ones.
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