Three Major Mistakes That Could Mess Up Your Retirement Plans

Daydreaming about retirement is easy, but planning for is when things get real. Here are the three biggest mistakes people make when approaching retirement. Mistake number one Planning to take Social Security too soon.Those born in 1960 or later can claim early at age 62, but benefits will be 30% less than the full benefits at age 67. Create an account on the Social Security Administration website to review your benefit and explore how delaying claiming boosts monthly payments. Mistake number two Not testin ...