- Underestimating amount of money needed for retirement
- Underfunding one’s 401(k) or IRA or both
- Lack of investment diversification or lack of adequate investment knowledge
- Little or no knowledge of tax or estate matters
- “Other spouse” handles retirement planning, “not me”
- Refusal to hire professional help
- Having no idea of how much one will need to retire comfortably.
- No understanding of how much money one must save annually (monthly, etc.) to reach a comfortable retirement
Please click on the link below to read another article about retirement planning myths and realities.