Everyone has to stop working at one point in their lives, and the sooner they have a retirement plan ready, the easier would be their post- retirement life. Reaching 50s is a milestone that many of us celebrate, but it is also a crucial time to reassess our financial situation and make sure our financial plans are in order. And postponing this assessment might jeopardize our plans of building a financially secured future for ourselves and our family.
It is often too easy to make a wrong financial move when preparing for retirement; however, fixing it back lies in the hands of the future retiree. Everyone deserves to have a secure and peaceful retirement after long years of hard work. However, selecting the right retirement plans to get their dream retirement life can be tricky. Therefore, it is essential to start retirement planning from an early age to enjoy our retired life to the fullest.
Here are five common retirement planning oversights that you should steer clear of.