Connecticut Money: Stay on track when planning for your retirement
Eric Tashlein
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One way to boost your confidence is to understand what mistakes people commonly make in retirement planning … and avoid making them yourself.Associated Press
If you are approaching retirement, you may be one of many Americans who are worried about their financial status after they stop working. In a July 2020 survey by SimplyWise, 50 percent of respondents said they were worried they will outlive their savings, and 41 percent worried about paying daily expenses.
One way to boost your confidence is to understand what mistakes people commonly make in retirement planning … and avoid making them yourself. Understanding and sidestepping the following errors will go a long way toward building financial security for your retirement years: