Here are some obvious retirement planning mistakes ... don't repeat them.
By failing to prepare, you are preparing to fail ~ Benjamin Franklin
Thinking that someone else will do it for you or that it will be taken care of by your financial or investment advisor.
Just remember they are working on their own retirement plan … and you are financing it. Generally pension related businesses are not renowned for employing too many “Mother Theresa's”.
Find one in the same way you would an employee you would trust with your business. Understand exactly what you are looking for, interview them, get references, Google them and then trust them to prepare your map and directions.
But you'll be driving the automobile.
An investment in knowledge always pays the best interest
~ Author unknown, commonly attributed to Benjamin Franklin
If past history was all there was to the game, the richest people would be librarians ~ Warren Buffett
Invest a few moments in thinking. It will pay good interest
~ Author Unknown
And the final few retirement planning mistakes include;
Eliminate all obvious mistakes. As even with careful planning things will go wrong and there will be unforeseen disasters.
Never forget people who have written goals are vastly more financially successful than those that don't. Ongoing goal setting and focus will be a critical part of your successful retirement.
One program that I've found helped me with my life planning, setting goals and keeping focused is simple•ology - it is simple but it works.
Apr 16, 18 08:42 AM
After leaving our Halong Bay cruise we set off on the kilometre or so walk to the jetty and catch the ferry to Gia Luan ferry terminal on Cat Ba island. We had just missed the 11:30 ferry and the next…
Apr 12, 18 09:11 PM
Not realising that there was such an extensive choice of Halong Bay cruise options we selected the Glory Legend Cruise based on their TripAdvisor rating (and the price we were prepared to pay!)
Apr 11, 18 04:20 PM
Yangon or Rangoon, the previous capital of Myanmar, is a city that was allowed to go to rack and ruin. There are signs of revival but they are scarce.