7 Mistakes that

Can Make Your

Retirement Miserable

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There is no way you can retire affluent if you spend your entire life pretending to be wealthy. Why not try being happy with what you have.

1) Spending a lot of money

If you don't put aside enough money for retirement, you're doomed to a life of poverty. Ideally, 10% to 15% of your monthly income should be earmarked for retirement savings.

2) Not saving the money

Your retirement funds should take precedence over anything else. If you're saving for your kids' college, don't sacrifice your own retirement.

3) Wrong Saving Priorities

One common blunder is to deposit retirement funds in the incorrect accounts. The money should instead be invested in IRAs or tax-advantaged retirement accounts.

4) Saving money in wrong account

You won't be able to save for your retirement if you rely on credit cards to make all of your purchases and financing everything. 

5) Financing for things

If you do need to borrow money, good credit is a must to secure the best possible terms and rates.

6) Having low credit score

Investing all of it in high-risk stocks is surely not good. But at the same time, don't be afraid to be a little more aggressive with your allocations.

7) Doing wrong investments

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