Spring is in the air, but if you aren't careful, it can drain your wallet. That's particularly true for retirees on a fixed income who haven't planned for the additional expenses that crop up as flowers bloom and the weather gets warmer.
"Spring often brings a cluster of expenses. These expenses can surprise and affect almost everyone to some degree, but retirees may feel it more because of their fixed income," says Tiana Patillo, financial advisor manager at Vanguard. "That makes planning even more important, because unanticipated seasonal costs may require drawing more heavily from savings or investment accounts."
