Common Retirement Mistakes

  • 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.