There are several common mistakes that people make when planning for retirement:
Not starting to save early enough: It is important to start saving for retirement as early as possible, as this allows more time for compound interest to work in your favor.
Not saving enough: Many people do not save enough for retirement, which can lead to financial strain later on. It is important to set aside a sufficient amount of money for retirement in order to maintain your desired lifestyle.
Showing 50 results of 284
The most common retirement planning mistakes that people make begin well before retirement. Learn what they are and positive steps you can take to avoid them....
What are the 6 most common retirement mistakes? Why do 43% of retirees have regrets, and what can we learn from them?...
Roger Whitney closes out his five-week Social Security series with a practical framework for married couples deciding when to claim. He explains how to coordinate benefits, avoid common mistakes, and ...
Roger Whitney explains how solo filers can make a confident Social Security claiming decision without getting overwhelmed by complexity. He covers the biggest mistakes to avoid, introduces a practical...
Turning 45? Retirees reveal the biggest investing, saving, and spending mistakes they made during their peak earning years—and how to fix them today.
What are the pros and cons of leaving your employee job and joining a concierge practice or direct primary care model? Here are some myths. The post The Benefits and Pitfalls of Entering the World of ...
Some may sound like myths, but these unique tax write-offs can be approved under strict IRS medical guidelines — provided you have the right paperwork.
You're supposed to slow down in retirement, but many do the exact opposite. Here is why treating retirement like a full-time job is a big mistake, and what you can do instead.
After getting my first attending paycheck, I knew I had to make smart decisions. Here's how I made those decisions and the mistakes I made. The post The Financial Life Shift: What We Did When I Finall...
Buying an "inflation protection" investment in retirement, instead of making sure your financial plan can withstand rising costs, is a big mistake.
Social Security isn't simple. Learn the key claiming strategies—spousal, survivor, disability, and more—to maximize your benefits and avoid costly mistakes.
From holding too much cash to failing to factor in taxes, these investment behaviors can hurt more in retirement, when you've less time to recover from mistakes.
Let’s examine a few cases of people who had tons and tons of money and then lost it all and see what we can learn from their mistakes. The post How Mega-Rich People Lose All of Their Money — and How Y...
Original Medicare vs. Medicare Advantage, Social Security timing, and the enrollment mistakes that follow you permanently. The post Social Security and Medicare Decisions That Can Cost You for Life ap...
From "tax traps" to "safety deposit box blunders," discover the 10 most common mistakes people make when planning their estate.
Claiming Social Security is a lifelong decision, and poor choices can cost the average couple more than $180,000. Complete these tasks to avoid a big mistake.
With enhanced ACA subsidies gone, even a small income mistake can cost clients thousands.
Friday the 13th is considered an unlucky day — this year has three. We asked advisors to share their scariest stories of client mistakes.
As a semi-retired physician, here's how I handled a huge bull run and the tariff fears in 2025. I definitely made some investing mistakes. The post What’s Your ‘Sleep Well’ Number? Lessons from a Mark...
Whether you’re months away from your 65th birthday or you're planning to work past retirement age, this guide will walk you through the exact steps to secure your coverage, avoid costly mistakes and e...
Thinking about tapping into your 401(k) during a time of financial stress? Learn the rules, risks, and more strategic alternatives before making a costly mistake.
Families need to prepare heirs through communication and financial know-how, or all that money could end up causing confusion, conflict and costly mistakes....
Older people are full of wisdom. So, you should listen to them when they talk about their regrets and then try to avoid those mistakes. The post The 4 Biggest Regrets of the Elderly appeared first on ...
Many retirees think they have a plan when what they really have is an investment pitch dressed up as planning. This episode uncovers why that illusion is dangerous, the costly mistakes it hides, and h...
Winning the lottery may be rare, but estate tax mistakes aren't. In this episode, we use the recent $1.8 billion Powerball jackpot to highlight how generational wealth can be eroded by estate taxes an...
Imagine if you had the opportunity to sit down with the people who have retired successfully before you and learn from their hard-fought lessons. What were their biggest mistakes? And…...
Many retirees think they have a plan when what they really have is an investment pitch dressed up as planning. This episode uncovers why that illusion is dangerous, the costly mistakes it hides, and h...
Winning the lottery may be rare, but estate tax mistakes aren’t. In this episode, we use the recent $1.8 billion Powerball jackpot to highlight how generational wealth can be eroded by estate ta...
The financial professionals who contribute to Kiplinger's Adviser Intel recently wrote about myths about annuities, Boomers' retirement reality check and OBBB changes to federal student loans....
Many adults struggle with decisions about health, finance and caregiving. Bridging this knowledge gap is essential to make informed decisions and avoid costly mistakes....
One of the biggest mistakes property owners make is not realizing they're eligible for tax deferral through a Section 1031 like-kind exchange....
Longer life expectancies and changing demographics put extra pressure on the program, making it crucial for future retirees to understand its evolution, common myths and how to strategically plan for ...
Do you think bonds protect you from stock losses? Are you confident your assets will go to your intended heirs if all you have is a will? Think again — and read on for other myths that could be ...
Navigate market volatility with confidence by aligning risk tolerance and long-term goals to avoid costly mistakes during market downturns and recoveries....
I made two big mistakes when I was pursuing financial independence… The first was I put off happinessuntil I hit FI. The second was I also put off my health. In today’s episode of the Fin...
An interview with disability insurance attorney Ben Glass, who talks about what makes for a strong disability claim, when you might need to get an attorney involved, and what mistakes he has seen docs...
Do you think you're diversified if you're invested in the S&P 500 and Nasdaq? Do you think your tax rate will fall in retirement? Think again — and read on for other myths that could be lead...
Many retirees unknowingly jeopardize their financial security by making three common income-investing mistakes. Learn how bond ladders—made easier with LifeX ETFs—can help lock in predicta...
Does market volatility make you feel like running scared? That could be a costly mistake. Here's why ... and what to do instead....
I recently (and mostly unwillingly) retired last year just shy of 63. Nest egg big enough to not panic, but not so large that we can afford big mistakes or poor planning. I switched financial advisors...
Avoid investing mistakes with insights from Barry Ritholtz’s How Not to Invest. Get 3 key lessons to do better with your money. The post 3 Great Ideas from Barry Ritholtz’s Fantastic Book,...
It's amazing all of the different ways people can screw up tax-loss harvesting. Let's outline a few mistakes to help others avoid them. The post 13 Ways to Screw Up Tax-Loss Harvesting appeared first ...
When it comes to selling a home, first impressions are everything. Yet, many sellers make the mistake of thinking buyers can look past an empty room, outdated furniture, or a poorly lit space. The rea...
How you can avoid the 3 biggest retirement mistakes and set yourself up for a secure and meaningful retirement....
While some 'golden rules' stay in style forever, the financial landscape is constantly evolving. Here are five common myths to revisit (with more on the way)....
Estate planning gets tricky when you have assets and/or beneficiaries outside the U.S. To avoid costly inheritance mistakes, it pays to understand the basics....
Money isn’t just about earning, it’s about keeping it. Some risks are worth taking, but plenty of financial mistakes will cost you more than you realize. The problem is, most people don&rs...
Social Security payments are a relied upon source of income in retirement. To keep them flowing make sure you don’t make these four mistakes....
Ever wonder how much more money you’d have if you could rewind your top financial mistakes? Where there’s smoke, there’s often fire – crucial lessons in managing risk. In this&...
People love to say, “Times are different now.” Sure, technology has advanced, and we’re not waiting in bread lines, but human nature hasn’t changed. Money mistakes today look a...