retirement mistakes to avoid
To do retirement right you need a disciplined savings plan, a good understanding of Social Security, a sound investment strategy and a vision of retirement that provides for adequate self-fulfillment without overspending your fixed-income budget. Behind those simple principles lies a complex set of ways it can all go wrong, ranging from borrowing against your 401(k) to taking up smoking late in life. There are certain things, though, that you’ll want to make sure to avoid at all costs.
A financial advisor can help you keep your retirement on track.
Doing Retirement Right and Wrong
It is certainly not impossible or even rare to achieve a financially secure and rewarding retirement. People over age 65, in fact, are much less likely to live in actual poverty than those still working, according to the Census Bureau. And retirees surveyed by the Employee Benefit Research Institute (EBRI) in 2022 rated their satisfaction with life in retirement at an average 7…
2024-05-26 15:30:35
Post from finance.yahoo.com