Retirement Planning Mistakes You Need to Avoid

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Before long, many people will soon be entering retirement. Some will have done some retirement planning and know what it will take to have a happy retirement. Others who have not carefully planned for their retirement (or not planned at all) will likely run out of money too soon and have less than desirable years at the end of life.

Over the years, many seniors have revealed their mistakes concerning retirement to help keep others from making the same mistakes. Here are some of the most common.

1. Retiring Too Soon

It is natural to want to retire as soon as possible. Many people desire to, but they oftentimes are not ready and have not considered the long-term cost. One good reason not to retire early is Social Security.