When your pet has an uh-oh, it’s relatively easy to clean up; money mistakes – not so much. Although one in four American workers have less than $1,000 saved according to the 2017 Employee Benefit Research Report, it’s what you do with the money once it’s saved that determines whether or not you’ll enjoy the kind of retirement that you deserve.
All kittens aside, saving money in many ways is the easy part. With the advent of automatic deposits and portfolio rebalancing, you can put the process on auto-pilot and watch the cashola pile up. But what about when you retire and start taking those dollars out? People tend to fall short when they make planning mistakes. We have the top 5 big ones listed here, as well as what you should do instead to prevent major upsets from spoiling your hopes and dreams.