Page 36 - Michael Kitces News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By planning prudently, you can retire earlier, spend more in retirement, or leave a larger inheritance

These are the mistakes do-it-yourself retirement planners make most often Jason Heath: By planning prudently, you can retire earlier, spend more in retirement, or leave a larger inheritance Author of the article: Jason Heath Publishing date: Jun 03, 2021  •  1 hour ago  •  6 minute read  •  If you're planning your own retirement, there are a number of common pitfalls to consider. Photo by Chloe Cushman/National Post illustration files Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchase...

Article content When you make a mistake planning your retirement, there is a good chance you will not discover the problem until it is too late. Saving and planning, after all, are lifelong efforts and you may not get a second chance with some decisions. Whether you are considering planning your own retirement or working with an advisor, there are a number of common pitfalls to consider. One easy mistake relates to how much you need to save to retire. If someone needs $50,000 per year and has saved $1 million for retirement, they may think their savings will only last 20 years. $1 million div...

By planning prudently, you can retire earlier, spend more in retirement, or leave a larger inheritance

By planning prudently, you can retire earlier, spend more in retirement, or leave a larger inheritance