Mistakes in Spending Social Security Check

Reporter: Michael Keenan

Publication: GOBankingRates


Deadline: May 19, 2017 5:00 pm

What do people spend their Social Security check on that they shouldn’t? What are things that people may think are a good thing to spend money on, but actually are a waste? Are there certain types of insurance they don’t need anymore? Products they buy that aren’t practical? Maybe a house that’s way too large? Any suggestions are welcome. How can people correct their mistakes? i.e. Clients come in spending their SS check on X, and after working with them, we spend it on Y instead. Requirements: Financial advisors who work with people in or near retirement.

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