Avoid These 4 Common but COSTLY Retirement Income Mistakes
Consider these four common mistakes to avoid: Mistake #1: Not Having a Budget Specific to Retirement This may seem obvious, however, it’s probably much more common than you realize. When teaching retirement courses, I ask our students how many have formalized budgets as their guide to track monthly expenses. I’m always shocked by how few actually have anything more than a budget “ in their head.” Many of those who do have something in place did not make the appropriate adjustments for retirement. Using old assumptions like “ you will only need 80%” of your pre-retiremen...
Source: kiplinger.com