If you’re like other Baby boomers, you’ve been saving for retirement for a while now. You probably started early on thinking about your retirement and chances are you’re still at it.
If you want to succeed in successfully funding your retirement, it’s important to avoid some common retirement planning mistakes. By participating in the plans that are available to you, diversifying, and leaving the money alone, you can largely guarantee a financially successful retirement.
To reach your goals and make your retirement dreams come true, it’s best to avoid these common retirement planning pitfalls.
1. Failing to participate in any retirement plans available to you. Today, there aren’t many companies offering pensions anymore. However, most companies offer plans such as a 401k or similar to their employees.
Typically it’s easy for you to enroll and most of these programs are incredibly worthwhile. Interest-deferred accounts are tough to beat. Enroll today, if you haven’t already. It really adds up over time. [Read more…]