Preparing for Retirement: Common Mistakes to Avoid According to Pensions Week
Preparing for retirement is an important part of financial planning that can often be overlooked. With so many different options available, it's easy to make common mistakes that can impact your retirement savings. This is why Pensions Week , highlights some of the most common mistakes that people make and how to avoid them. Common Retirement Planning Mistakes One of the most common mistakes that people make when planning for retirement is not starting early enough. Many people put off saving for retirement until later in life, which can significantly impact the amount of money they have available when they retire. Pensions Week encourages people to start planning and saving for retirement as early as possible. Another mistake that people make is not contributing enough to their retirement savings. Many people underestimate the amount of money they will need in retirement and don't save enough to meet their needs. Pensions Week recommends that people regularly review their reti...