Major Retirement Planning Missteps

Retirement planning is a process. It takes careful planning and years of hard work to achieve success. It’s easy to slip or make some missteps along the way so we wanted to write a post about some of the common stumbles we see.

Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance or fate, we need to be aware of them as we plan for and enter retirement.

Art vs. Science

You could say that personal finance is a scientific art. On the one hand, it is about money and math. On the other, it’s about values, goals, and self-control. It’s easy to say that the key to financial security is to spend less than you make. Surely, subtracting a smaller spending number from your larger income number will result in a remainder which can be saved or invested. But that is not so simple.