5 Retirement Mistakes You Can’t Afford to Make
According to a survey from the Employee Benefit Research Institute, just 21% of American workers are “very confident” they’ll have enough money for retirement. After many years of hard work, most people would like a comfortable retirement lifestyle. But this doesn’t just come together by itself.
Financial independence in retirement takes diligence, and it begins with creating a suitable retirement income plan. Then once you have this “retirement roadmap,” it’s a matter of sticking to it. Of course that involves taking action when you need to, like filing for Social Security at the right time or signing up for Medicare on deadline.
There are a number of costly mistakes which could greatly impact your retirement. These errors could mean higher unnecessary costs or lowering your standard of living down the road, so it’s important to be aware of these potential pitfalls. Let’s cover these retirement risks in detail. Read More