Avoid These 12 Mistakes When You Retire
Ah, retirement! We’ve all imagined that glorious day when we clock out of the office for the last time and we’re free of early morning commutes, meetings, bosses and stress. The heavenly image of the commitment-free but stable and fulfilling golden years of your life should be everything you dreamed of, however, there are quite a few common mistakes that any retiree must be aware of. Make the right choices now to make sure your retirement is as painless and awesome as you deserve, and steer clear of these 12 pitfalls!
1. No Plan
Failing to plan is the same thing as planning to fail. Prepare financially in advance and during your retirement, as well as setting life goals and aims. Ask your bank about setting up a pension scheme today!
6. Supporting Adult Working Children
This one might be tough because family is hard to refuse. But remember that your retirement and pension savings are not so easily replenished and burning a hole in your pocket might end up in you becoming dependent on your children, which is exactly the opposite of what you set out to do.
