Avoid These 17 Retirement Mistakes at All Costs

They’ll Keep You Working Long Past Your Golden Years

Here are some of the biggest retirement mistakes that people are making, according to financial experts.

What is most fascinating is that the majority of them have nothing to do with finances, which should be an eye-opener for anyone planning for or nearing retirement.

If you don’t have enough saved in your old age, there’s no such thing as a retirement loan! You only get there by investing consistently over time.

Using Retirement Money to Pay for Your Kids’ College

If you are not contributing enough to your 401(k) to receive the match, you are just giving up free money.

Passing Up Free Money in the Form of an Employer Match

Maybe you will stay healthy, but having a backup plan for if things go south can help prevent unnecessary pain and stress.

Not Planning for Health Complications

Yes, you need to plan for the financial future, but also consider your lifestyle and daily routine.

Thinking Retirement Planning is Just for Your Finances

While there are absolutely reasons to take a 401k loan, a huge mistake I’ve seen time and time again is people taking repeated loans against their 401k, essentially treating their retirement account like a credit card.

Treating Your 401(k) Like a Credit Card

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