Source link : https://las-vegas-news.com/10-retirement-planning-mistakes-that-could-cost-you-big/
Retirement should be a time of relaxation and freedom. Yet for millions of people, it becomes a source of stress and financial worry. The difference often lies not in how much you earned during your working years, but in the choices you made along the way.
Let’s be real, planning for retirement feels overwhelming. There are countless decisions to navigate, and each one carries weight. One wrong move could mean the difference between living comfortably and struggling to cover basic expenses. Here’s the thing: many of these mistakes are entirely avoidable once you know what to watch for.
Starting Too Late
According to Fidelity’s 2025 State of Retirement Planning Study, 38% of retirees surveyed said they would have prioritized saving earlier if they had the chance to go back in time. That statistic hits hard because it reveals a truth nobody wants to face until it’s too late. Time is your most powerful asset when it comes to retirement savings.
Starting early gives your money decades to grow through compound interest. Even small contributions in your twenties can balloon into substantial sums by retirement. Think of it like planting a tree: the sooner you plant it, the more shade you’ll enjoy later. Waiting until your forties or fifties means you’ll need to save far more aggressively to catch up.
According to a 2023 report by Capitalize, a company that helps workers stay invested in retirement plans when they change…
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Author : Matthias Binder
Publish date : 2026-01-20 13:37:00
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