Investment Updates
Did The Devil Make You Do It? 8 Retirement Miscues
Published Thursday, December 4, 2014 at: 7:00 AM EST
We're all human, and we all make mistakes. Yet some errors are worse than others, and it's important to try to avoid the kinds of miscues that could derail your retirement.
What sort of mistakes? Of course, these will vary from person to person, but here are eight common foul-ups that often bedevil soon-to-be retirees:
Mistake #1 - You have no financial plan for retirement. Although your plan doesn't have to be carved in stone - and in fact it needs to be flexible - it at least should provide some basic guidelines for your future. A bare-bones plan will look at your potential sources of retirement income and approximate what you can expect to spend - and rough estimates are better than no estimates at all. Figuring out what it may take to live comfortably during retirement is the first step toward getting there.
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