Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

7 Retirement Financial Mistakes to Avoid

November 11, 2019 · Personal finance

Not Having a Retirement Plan

We don’t just mean having a general idea of when you’ll retire and what your lifestyle will be like. We mean really crunching the numbers and deciding on a retirement plan that’s suitable for you.

401k plans are workplace retirement accounts that handle your pre-tax paychecks, meaning that you’ll only be paying taxes on what you gain minus what you invest. If you’re an educator, a non-profit worker or a government employee, check out the 403(b) and 457(b) plans!

Individual Retirement Accounts (IRAs) are another option you could go for. These are investment accounts that a lot of Americans take once they’ve maxed out their 401(k) plans.

Needless to say, there’s more out there to choose from, so don’t limit yourself to just these two. Start looking into your options at the earliest and make the best out of them.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • 20 Top-Rated Neighborhoods for Retirees in 2026
  • Best Places to Retire in the USA in 2026 (Affordable, Safe & Tax-Friendly Picks)
  • 6 Important Changes to Social Security Benefits in 2026
  • How To Pay Your Taxes With Your Credit Card in 2022
  • 8 Ways To Avoid Retirement Poverty
  • 13 States Where Your Freedom Is Respected
  • 18 Places Where Social Security Is More Than Enough
  • 7 Ways To Budget Your Groceries in Retirement
  • 14 Retirement Cities With Awful Weather
  • 11 States With the Best/Worst Social Security Checks in 2022

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

9 401(k) Mistakes & Solutions All Boomers Should Be Aware Of

1st Mistake: Not Contributing Enough Thanks to a survey by Natixis Investment Managers made in…

Read More →

25 Changes to Your 401(K) Plan That Can Save Your Retirement

Reconcile Your Investment Objectives and Risk Tolerance Once again, it all goes back to your…

Read More →

10 Essential Ways To Protect Your Retirement Accounts From Hackers

How inefficient could we be to advise on using a retirement planning app without giving…

Read More →

12 Crucial Financial Tweaks You Need to Make Once You Enter Your 50s

Meet with a fee-only financial planner Time is of the essence and in this particular…

Read More →

12 Creative Ways To Earn Passive Income in Retirement

Buy rental property – If you have a couple of savings, but not enough to live…

Read More →

15 Things That Might Complicate Your Plans To Retire At 65

65 is no longer the full retirement age People are living longer than they used…

Read More →

10 Effortless Ways to Make Extra Money for Retirement

Generate Passive Income by Investing in Real Estate If you are a homeowner, then, according…

Read More →

10 Mistakes That Reduce Your Social Security Payments

1. Failing to catch incorrect wage information Your Social Security benefits aren’t generated by some…

Read More →

11 Things Retirees Should Buy ONLY at Costco (And Why)

Prescriptions – Just to make it clear, in case you’ve heard it wrong before: you don’t…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.