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.