Baby boomers, now ages 55 to 73, are either retired or enjoying their last few years in the workforce before settling down. If you are part of this age group then you probably already have somewhat of a plan when it comes to your golden years, but financial advisors across the U.S. have found that many seniors make crucial mistakes when it comes to their retirement goals.

Namely, they found that a lot of mistakes revolved around their 401(k) plans. That’s why it’s time to look at some common blunders, but that’s not all. In this article, we’re also going to go over ways to rectify your mistakes.

That way, you can nip the problem in the bud and be rest assured that your golden years will be everything you have ever dreamed of!