MoneywiseSun, Jun 8, 2025, 12:18 AM 6 min readEnvatoMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.You probably know the importance of retiring with a hefty, well-diversified portfolio of assets. But what if some of your assets are actually hidden liabilities?Here are the top seven tempting but deceptive money drains that you could trap yourself in before retirement.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howBlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisisNervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10)If you’re financially secure, splurging on your “dream car” can be the ultimate temptation. But the average new car loses roughly 30% of its value within the first two years alone, according to Kelley Blue Book. New cars also often have higher insurance premiums compared to used cars.The depreciation rate slows down after those initial years, which means buying a modestly used car at an affordable price is a better way to secure your financial future. Plus, you can benefit from a lower insurance bill.According to a MarketWatch study, full-coverage insurance on new cars averages $168 per month, while used car owners typically pay $150 monthly. That means new car owners pay an extra $216 a year.You can lower your insurance premiums further by shopping around and comparing rates from leading providers through OfficialCarInsurance.Simply answer some basic questions about yourself, your driving history and the type of vehicle you drive then OfficialCarInsurance will show you rates from reputable insurance providers like GEICO, Allstate and Progressive.The best part? The process is completely free and won’t affect your credit score. Get started and find rates as low as $29 per month.Buying a timeshare in Cabo Verde and spending your retirement on a beach is undoubtedly attractive, but there are caveats. Timeshare ownership involves steep initial costs, recurring maintenance fees, low resale potential and rigid usage schedules.On top of that, the secondary market is notoriously poor, and many owners struggle to exit their agreements.Instead of locking yourself into a timeshare, consider creating an annual travel fund for vacation rentals in your retirement plan.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,000.36 +61.06 (+1.03%)Dow 3042,762.87 +443.13 (+1.05%)Nasdaq19,529.95 +231.50 (+1.20%)Russell 20002,132.25 +34.89 (+1.66%)VIX16.77 -1.71 (-9.25%)Gold3,331.00 -44.10 (-1.31%)PortfolioSign in to access your portfolioSign inTop gainersRXRX Recursion Pharmaceuticals, Inc. 5.49 +0.92 (+20.13%)MANU Manchester United plc 16.41 +2.60 (+18.83%)QXO QXO, Inc. 19.00 +2.25 (+13.43%)QBTS D-Wave Quantum Inc. 18.62 +2.15 (+13.05%)LMND Lemonade, Inc. 39.88 +4.12 (+11.52%)Top losersLULU lululemon athletica inc. 265.27 -65.51 (-19.80%)DOCU DocuSign, Inc. 75.28 -17.62 (-18.97%)BRZE Braze, Inc. 29.73 -6.37 (-17.65%)ORLA Orla Mining Ltd. 11.11 -1.24 (-10.04%)ABM ABM Industries Incorporated 46.61 -4.65 (-9.07%)Most activeAPLD Applied Digital Corporation 13.86 +1.09 (+8.54%)TSLA Tesla, Inc. 295.14 +10.44 (+3.67%)NVDA NVIDIA Corporation 141.72 +1.73 (+1.24%)LCID Lucid Group, Inc. 2.1500 +0.0200 (+0.94%)F Ford Motor Company 10.26 +0.16 (+1.58%)Earnings eventsTrending tickersBTC-USD Bitcoin USD 105,760.84 +1,341.34 (+1.28%)ETH-USD Ethereum USD 2,529.10 +46.85 (+1.89%)XRP-USD XRP USD 2.18 +0.01 (+0.67%)DG Dollar General Corporation 113.48 -0.36 (-0.32%)DOGE-USD Dogecoin USD 0.18 +0.01 (+2.90%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.