The 6 biggest retirement mistakes, and 1 defense

One of the biggest retirement mistakes you can make is not realizing what you don’t know.

I regularly hear from people in or near retirement who misunderstand how Social Security works, dramatically underestimate life expectancies or fail to plan for big expenses, such as long-term care or taxes.

These aren’t folks looking for advice. They’ve already made up their minds and want to argue about financial planning precepts, such as when to take Social Security or how much retirement is likely to cost. But what they think they know just isn’t so.

In my latest for the Associated Press, why people don’t get objective financial advice before they retire and how to change course.

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