How to Avoid the 5 Biggest Retirement Mistakes

by | Nov 30, 2022 | Spousal IRA

How to Avoid the 5 Biggest Retirement Mistakes




The biggest retirement mistakes have nothing to do with investing believe it or not, said Ed Slott, Founder of Ed Slott & Company. Slott said not maximizing your retirement contributions is a major mistake and savers should take advantage of every option to keep putting money away in a retirement account. Another major error in Slott’s opinion is leaving your job and taking Social Security too soon. As for required distribution mistakes, Slott said a huge one was not taking all your retirement accounts into account. Finally, Slott warned against making the wrong rollover moves when moving retirement funds and not planning for taxes.

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