[Video] Costly Retirement Mistakes to Avoid

As you get closer and closer to your retirement party, it’s important to stop and assess your readiness for retirement. Even if you think that you may have made all the right moves to prepare for a sound financial future during your retirement years, don't assume that you are in the clear. Avoid turning your golden years into a struggle to survive by avoiding these six typical mistakes retirees make when it comes to their finances.

  1. https://www.bloomberg.com/news/articles/2019-03-26/almost-half-of-older-americans-have-zero-in-retirement-savings
  2. https://www.gao.gov/products/GAO-19-442R
  3. https://www.fool.com/retirement/2017/07/30/americans-average-social-security-at-age-62-66-and.aspx
  4. https://www.morningstar.com/articles/879494/75-mustknow-statistics-about-longterm-care-2018-ed.html
  5. https://www.barrons.com/articles/why-americans-dont-save-for-retirement-51557061222?mod=hp_INTERESTS_retirement&refsec=retirement
  6. https://www2.deloitte.com/us/en/pages/financial-services/articles/meeting-the-retirement-challenge-deloitte-center-for-financial-services.html
  7. https://www.aarp.org/money/investing/info-2017/half-of-adults-do-not-have-wills.html

This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.


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