5 Retirement Planning Mistakes and How to Fix Them

The average 65-year-old man retiring this year can expect to have another 17 years of living in front of him, according to the National Institute on Aging. For a woman, that number jumps to 20 years.

That’s a lot of time to travel the world, enjoy hobbies and make memories with family and friends. On the other hand, it can also be a lot of time to stress about rising expenses and dwindling assets.

Fortunately, if you plan correctly, you can minimize the chances of ending up with too many years left and too little money in the bank. However, if you think you’ve made mistakes (or are making mistakes) when it comes to retirement planning, rest assured there is always time to make a correction.

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Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

7 Year-End Retirement Mistakes Experts Say You'll Want to Avoid

In a few short weeks, the books will close on 2015 and along with them, the chance to make some last-minute decisions about retirement funds.

U.S. News spoke to Klein and other financial planners who say these are the seven biggest retirement mistakes people make at the end of each year.

Mistake No. 1: Failing to make planning a priority.

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Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755