News > Personal Finance: Seven financial pitfalls to avoid in retirement years

Personal Finance: Seven financial pitfalls to avoid in retirement years

The Free Press Journal | 16/01/2022 10:35 AM | Click to read full article

The word retirement brings with it a lot of anxiety and worry. The biggest concern of those approaching retirement is creating a balance between the life they live now as compared to the life they want to live post retirement. The biggest mistake is not planning for retirement and investing haphazardly. Here, we have listed seven financial pitfalls to avoid in retirement planning.

With the Analyse-Assess-Adapt approach, re-examining the retirement plan once every few years helps take into account the market and lifestyle changes and make the plan more relevant. Financial independence after retirement is the fundamental objective of a retirement plan.

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