At all costs, major retirement planning mistakes can and should be avoided just like Caffeine. Caffeine? Yes, caffeine! Hang in there with me for a minute and you will understand what I’m talking about. When done properly, the process of retirement financial planning should greatly reduce the potential for costly mistakes during retirement.
As a veteran in the wealth management industry for more than 20 years, I have witnessed numerous financial mistakes that retirees have made.
Usually however, many of the mistakes are actually made before someone retires. Just this morning I received an email from a 19 year old who stated that he is ready to begin saving for his future. My initial reaction was to commend him for having a genuine concern about saving for retirement at the young age of 19.