Want to live long and prosper in retirement? Avoid making these seven retirement planning mistakes, and you’ll be well on your way.
Share to linkedinIt’s entirely possible that you could live for 25 to 30 years after you retire. Planning to be financially secure for the rest of a potentially long life requires making a series of complex decisions, each with high stakes. And you often won’t have a “do-over.”
If you can avoid making these seven common retirement planning mistakes, you’ll be halfway there to living a long, financially secure life. You can significantly increase your retirement income by delaying your retirement, even if it’s just for a few years. Downshifting – working part time for awhile, just enough to cover your living expenses – can also be a great strategy to consider.
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