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Your email address will not be published.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

  • What $3,000 a Month Really Looks Like in Retirement Based on Where You Live What $3,000 a Month Really Looks Like in Retirement Based on Where You Live
  • An older couple in casual clothes sitting at a wooden kitchen table, looking at a tablet together in warm natural light. Here's What the Average Social Security Check Is in August (How Do You Compare?)
  • A retired couple walks down a peaceful, tree-lined suburban sidewalk during the warm golden hour. 10 Best Retirement Cities With Peaceful Neighborhoods
  • 10 Small Towns Where Retirees Can Live Like Millionaires 10 Small Towns Where Retirees Can Live Like Millionaires
  • An older veteran looking skeptically at a tablet showing a $10,000 XRP claim, watercolor illustration. American Veterans Are About to Receive $10,000 in XRP From Ripple - More Here!
  • A retired couple standing on a sunny balcony in Europe overlooking a coastal town at sunset. 10 Things to Know About Retiring Abroad
  • A thoughtful 68-year-old man sitting on his porch during golden hour, holding a warm mug. Here's the Average Social Security Benefit of 68-Year-Old Americans (How Do You Compare?)
  • A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments. In What Order Should You Tap Your Retirement Funds? (Find Out Here!)
  • An active retired couple laughing together on a wooden lakeside porch in New Hampshire during a warm autumn morning. The 10 States Where Retirees Receive the Highest Median Social Security Benefit Checks
  • A retired couple hiking hand-in-hand along a scenic desert trail lined with cacti during a warm, golden sunset. 20 Affordable Desert Towns Retirees Are Falling in Love With

Newsletter

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

Related Articles

An older veteran looking skeptically at a tablet showing a $10,000 XRP claim, watercolor illustration.

American Veterans Are About to Receive $10,000 in XRP From Ripple – More Here!

Learn the truth behind the viral XRP veterans payment rumor and discover how to protect…

Read More →

10 Warning Signs Your Retirement Will Cost More Than Expected

You Haven’t Made a Long-Term Care Plan Without a carefully drafted long-term care plan, your…

Read More →

10 Stimulus Check Details That Are Crucial for Social Security Recipients

You Can Track the Status of Your Stimulus Check Instead of nervously waiting for your…

Read More →
An older couple sitting at a wooden kitchen table reviewing retirement paperwork together in soft morning light.

What Every Retiree Needs to Know About Social Security Right Now

Discover the latest 2026 Social Security updates, earnings limits, and practical claiming strategies to maximize…

Read More →

How To Pay Your Taxes With Your Credit Card in 2022

The best credit cards for tax payments The Business Platinum Card® from Amex The Blue…

Read More →

11 Out of the Box Methods to Save for Retirement

Put Your Emergency Fund To Work For Your Nest Egg By now you’ve probably learned…

Read More →

8 Types of Retirement Income That Are Exempt From Taxes

Health Savings Account (HSA) Distributions Health Savings Accounts (HSA) are probably the most popular and…

Read More →

20 Essential Tax Breaks Every Senior Should Know About

Maximize your retirement income by exploring 20 essential tax breaks, deductions, and financial strategies specifically…

Read More →
Minimalist illustration of a tiny golden block labeled $1,000 at the edge of a vast canyon, symbolizing the retirement savings gap.

Can Trump’s $1K Senior Account Really Close the Retirement Gap? What Boomers Should Know

Discover how the new federal $1,000 retirement match works, why it isn't enough to close…

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

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.