Retirement planning is one of the most important financial tasks that you can do in your lifetime, and yet far too many people don’t even consider retirement until they’re staring it directly in the face. Too many individuals talk about retirement as if it’s paradise—a place they get to go to after 30 or so years of hard work, where they can sit back and relax while all of life’s expenses are taken care of for them. And for a few lucky individuals, this place does exist. But for the rest of us, unless you plan, you’re in for a rude awakening.
However, it’s never too late to get on top of your retirement plans. If you plan accordingly, you don’t have to spend your golden years pinching pennies, clipping coupons, worrying over everyday needs and stressing about long-term expenses. Instead, you can experience the financial freedom you’d dreamed of, and not the alternative: financial instability.
I don’t mean to scare you, but I do think it’s imperative that you understand just how important planning for your retirement is. And if you have already recognized the need for retirement planning before reading this, there are still a few mistakes you may be making that we should discuss—mistakes that are all too capable of leading to an uncertain retirement.
These mistakes include: investing too aggressively; not investing enough; not taking into account inflation ($70,000 today will be nearly $104,000 in 10 years); selling yourself short (literally); and relying too much on social security.
To learn how to avoid these mistakes—or if you’re already making them, how to undo these mistakes—check out this article from Investopedia at

Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage.