Financial Fails in Retirement Planning
by Tony Drake, CFP®, Investment Advisor Representative, Founder & CEO, Drake & Associates
Sep 23, 2019
2 minutes
From overspending to ignoring our debt, a recent survey found we are making an average of eight financial fails or bad decisions with our money each month.
Big or small, missteps with our money can harm our financial future. Here are some of the most common financial fails, and how to avoid them.
1. Failing to Save
We used to think of retirement planning like a three-legged stool. Retirees could rely on a pension from their employer, Social Security from the government and their own retirement savings. Those three legs created a nice
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