These 3 Mistakes Could Slash Your Retirement Income
Not having enough retirement income is a major concern among a lot of people. And while there are steps you can take to mitigate that concern, the reality is that misguided planning and unfortunate choices could leave you cash-strapped once your career wraps up. With that in mind, here are three major mistakes that could leave you with less retirement income than you need to live comfortably.
You'll often hear that you shouldn't go heavy on stocks during retirement, because they can be very volatile. And that's reasonable advice.
But there's a big difference between shifting away from stocks as a retiree and dumping them completely. And if you maintain an investment portfolio during your senior years that's totally devoid of stocks, you may not see the returns you're hoping for. The result? An inadequate amount of retirement income.
Source Fool.com
