Have you put much thought into your retirement? Unfortunately, most of us don’t. And, that could have serious repercussions if you want to actually enjoy your retirement years. Retirement mistakes are rapid.
The thing is, retirement involves more than just opening a savings account and forgetting all about it. You’re also going to have to make some sacrifices, keep monitoring it, and avoid costly mistakes. If you don’t do any of those, that could lose you millions of dollars.
To prevent that from happening, there are a few retirement mistakes that will help.
1. Not Having a Retirement Plan
According to a FinanceBuzz survey released in January 2020, a “whopping 35 percent of respondents said that they have no retirement savings at all.” Moreover, data from Northwestern Mutual’s 2019 Planning & Progress Study found that 56 percent of Americans don’t know how much they’ll need to retire….