For most people, following the basic money rules is the right choice for their financial situation. However, as with most things in life, there are situations that following the tried and true advice might not be the best option.
As you plan for retirement, there are sure to be glitches along the way. But it is important to know that there is always time to make a correction. Whether you’ve been planning for years and years, or only a few months, you may benefit from taking a look at these common planning mistakes and how to correct them.
Making poor financial choices is something that most everyone will make in their lifetime however, a few financial decision you might regret forever. There are a few financial mistakes that should be avoided because there is no easy way to remedy the situation if you make these mistakes.
If you hope to one day retire early, it’s important to begin planning now. Below you’ll find a few quick tips to help you get started.
It’s easy to get discouraged when we haven’t saved the amount we would like for retirement. However, it’s more beneficial to use that energy toward fixing the issue rather than dwelling on past mistakes. There are several ways you can catch up on your retirement savings and it’s never too late to begin.
Almost every person will make poor financial decisions during their lifetime. The key to success though is avoiding the money mistakes that are difficult to overcome. Andy Mattingly from FORUM Credit Union is here to highlight the poor decisions that can lead to financial disaster.
Whether you are 5 years from retirement or 25 years from retirement, understanding a few key assumptions regarding retirement planning can be helpful. Finding the truths about retirement advice and how it might apply to your situation is an important step in having the retirement that you desire.
Although your retirement living will be based on various factors, it's important to specifically consider the impact of social security.