As with so much in life, retirement planning is an exercise in which you win by not losing.
You don’t have to be the world’s greatest stock picker or the second coming of Warren Buffett. Given a lifetime of saving and investing, you can generally reach your retirement goals by simply avoiding a handful of easily avoidable mistakes that will cost you big when compounded over the years.
And I’m not talking about trading strategies or a “surefire way” to avoid the next bear market. I’m talking about basic planning that can be done by anyone with the basic skills to balance a checkbook.
So with no further ado, here are three easily avoidable mistakes that you should watch out for.