#5: Assuming You Can Work Forever
Many people assume they can keep their job or find another if they end up falling short on retirement savings. That’s not always realistic, though.
Just ask yourself how many 75-year-olds work at your company. Also, even if you’re in excellent shape today, your health could worsen.
And if your current employer downsizes when you’re 75, what are your chances of landing an adequate job elsewhere?
Waiting too long to save for retirement is the worst mistake you can make. Others to avoid include investing too conservatively and neglecting healthcare needs. Also think long and hard before you turn in that resignation letter.
Finally, never assume you can work forever, because various circumstances could effectively force you to retire without enough savings.