We think of retirement as the reward for a lifetime of work. It’s time to enjoy some quality free time for your hobbies, spend time with your family or travel.
For this to be the case, a certain degree of planning is necessary. We take it for granted that we will enjoy a golden retirement no matter what. The reality is that it might not be.
If you want to choose what your retirement will be like and not let it be decided for you, there are five mistakes you should avoid. Let’s take a look at them!
- Thinking that a state pension will be enough
- Thinking about retirement when there are only a few years left to go
- Thinking about your retirement savings in the short term (long term)
- Not knowing what you need and underestimating your expenses
- Not having a plan that keeps running on its own
Source: https://bit.ly/mistakes-when-planning-your-retirement
