Retirement Mistakes
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Some Common Retirement Misconceptions
Most people aren’t experts on retirement, so it’s understandable that they have some misunderstanding about retirement finances. This article reviews some of the more common misunderstandings people have about their retirement finances, and explains how they can lead to trouble. High Yield Is Better Than Low Yield Well duh. How can 5 percent interest not […]
Retirement Mistakes – Adult Children: Closing the Bank of Mom & Dad
Many people enter retirement with sufficient assets, but they run out of money during retirement. A major cause of the shortfall is providing too much help to the children and grandchildren, becoming the Bank of Mom & Dad. This article discusses the problem and gives some ways to avoid falling into this trap. Two-thirds of […]
A Major Retirement Risk
I’ve mentioned this before, but this new paper makes it worth mentioning again. The biggest risk to your retirement isn’t inflation, low investment returns, geopolitical chaos, and other risks people talk about. For most people, the biggest risk is cognitive decline that leads to less-than-optimal decisions. Everyone’s decisionmaking ability declines with age. I’m not talking […]
Americans Dying in Debt
It used to be that Americans tried to be debt free in retirement and not leave their estate or heirs with the need to pay off debt. That apparently is less the case now. A new study concluded that on average Americans die with $62,000 of debts. Since that’s an average, many people die with […]
More Retirement Mistakes to Avoid
There are more than five retirement mistakes to avoid. Christine Benz of Morningstar added to the five mistakes I linked to in the previous post. Again, these are refreshers of issues we discussed in detail in our past visits in Retirement Watch and will discuss in detail in the future. Read Benz’s capsules here. 2. Failing […]
Five Common Retirement Mistakes
Most people get at least some aspect of retirement wrong. The key mistakes are made with some frequency. Your retirement will improve if you focus on avoiding common mistakes. Christine Benz of Morningstar recently wrote a post on five key retirement mistakes to avoid. These are summaries of themes we’ve addressed in Retirement Watch many […]
