Retired in America

Your Guide to a Confident Retirement

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

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

June 30, 2020 · Personal finance

7th Mistake: Having a Traditional View of Retirement

Everyone has a preconceived idea of what retirement should be, but very few of us will be able to reach our dream nest egg goals. That’s mainly due to finances or medical issues. In most cases, a bleak idea of the future might even stop some baby boomers from trying altogether.

These ideas are mainly shaped by two factors: what we see around us and what we see portrayed in media- and most of the time these two different views may clash exponentially.

A calculator and glasses on a wooden table, representing careful tax and financial planning.
Start reviewing your retirement savings today with a sleek calculator, glasses, and a fountain pen.

What You Should Start Doing Now

It’s time to stop looking at retirement as a one size fits all sort of deal. If you already have these views then changing them could benefit you. We know, it’s difficult to make these kinds of shifts, but it’s not impossible!

In most cases, boomers believe their golden years will be all about kicking back and enjoying lots of free time. But does it have to be that way just because previous generations have done it?

We think not! Maybe it’s time to consider that your ‘retirement’ is more like a second act in life. We’re healthier for longer, we live for much longer too, and there’s plenty of work opportunities that don’t require a lot of strenuous activity. Maybe your retirement will be a combination of relying on your funds plus a laid back job. Hey, maybe you can even start monetizing your hobbies!

Pages: 1 2 3 4 5 6 7 8 9 10 11

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Your email address will not be published.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

  • Illustration of an open health roadmap planner on a desk overlooking a winding coastal path with a walking couple. 9 Medical Tests Seniors Can Ask About Covered by Medicare
  • A smiling older woman in a sunlit kitchen reads a health benefits booklet next to delivered medical and wellness supplies. 12 Medicare Advantage Perks Retirees Forget to Use
  • Smiling older couple shopping for apples at a busy outdoor autumn farmers market in a historic town square. 11 Perks of Retiring in a Small Town Instead of a Big City
  • An older man wearing an apron carves a floral design into a linoleum block on a wooden workshop table. 9 Free Classes and Courses Retirees Can Access Locally
  • Senior woman repairing an intricate antique wooden clock with fine tools in a sunlit workshop. 7 Social Security Myths That Refuse to Die
  • A woman sits at a kitchen counter inserting a hardware security key into her laptop for two-factor authentication. 7 Signs Your Social Security Account Needs a Security Check Right Now
  • An older woman on her front porch reads a county property tax statement while holding a pen. 10 Property Tax Relief Programs Seniors Should Apply For
  • Mature man wearing safety glasses and an apron tests a solar power inverter circuit board in an electronics workshop. 8 Paid Training Programs for Low-Income Workers Over 55
  • Man at a wooden table holding a Health Savings debit card beside a tablet displaying an HSA balance and benefits documents. The One Account Where the IRS Lets You Avoid Taxes Three Ways
  • Watercolor illustration of a scenic riverside town commons with a church, library, shops, and gathered residents at sunset. 10 Affordable Retirement Towns With Strong Faith and Community Groups

Newsletter

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

Related Articles

Older man in a blue sweater reviewing paperwork at a table with eyeglasses and a steaming mug nearby.

11 Things Retirees Wish Their Bank Had Told Them

Discover critical banking advice retirees wish they knew, from avoiding surprise account fees and cash…

Read More →
A retired man at his wooden kitchen table examines a prescription pill bottle alongside documents and a calculator in morning light.

Why Your Medicare Part D Plan Might Cost More Next Year

Learn why Medicare Part D plans cost more, how new out-of-pocket caps impact insurance carriers,…

Read More →

8 Reasons Your Retirement Will Be Tougher Than You Expect

7. Folks might have to retire sooner than they hoped You might want to work…

Read More →
An editorial gouache illustration showing a stylized Social Security card sliced at the top, revealing gold coins inside.

Could Social Security Taxes Change Again?

Discover the history of Social Security taxation, looming legislative changes ahead of the trust fund…

Read More →
2027 calendar graphic highlighting shifted payment dates and key transition milestones for Social Security benefits.

9 Social Security Dates to Mark on Your 2027 Calendar

Mark your 2027 Social Security calendar with these 9 key payment shifts, COLA adjustments, tax…

Read More →
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?)

Discover the average Social Security benefit for 68-year-olds in 2026, learn how delayed credits impact…

Read More →
A retired couple looking out a window in their bright, downsized modern home.

11 Mistakes to Avoid When Downsizing Your Home

Discover the most common physical, financial, and emotional mistakes retirees make when downsizing their homes,…

Read More →
Shocked older man holding a landline phone receiver while reviewing financial bills at a kitchen table.

8 Things to Do the Moment You Realize You’ve Been Scammed

Act immediately after being scammed. Follow this practical checklist to limit liability, freeze credit, report…

Read More →

10 Most Common Questions About Drafting a Will

How do I leave specific items to specific heirs? You can leave specific items to…

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.