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"I realize I'm taking a little more out of my portfolio than I'd like, but there's probably enough money to last me through retirement." 

"I'm regularly spending a little more than I should but I'm sure it will work out." 

These may sound like minor mistakes, but over time they can add up. At 85 or 90 years old, if you make a financial mistake, chances are you will be fine; but if you make that same mistake at 65, when you potentially have another 20-30 years of life ahead, there's a very good chance that mistake will be compounded over time. 

In this show, we talk about 5 common mistakes people make during retirement that greatly increase the likelihood of them outliving their savings. Listen in. 

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