5 Biggest Retirement Mistakes You Will Regret Forever

1. Not Planning Ahead Of Retirement

Retirement planning professionals assert that the most significant mistake made by employees is failing to develop a financial strategy for their retirement years.

According to Herb White, a certified financial planner and president of Life Certain Wealth Strategies in Denver, it is critical to create a cash flow scenario that evaluates expected retirement income from investments, Social Security, and pensions to ensure that it adequately covers all living expenses.

White further notes that fewer than 30% of individuals with whom he has worked over the past 18 years have formulated a cash flow scenario. Therefore, it is crucial to develop a comprehensive financial plan that provides for an individual’s needs during retirement.

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