Avoiding Common Errors

Even the most careful planners can stumble. To safeguard your retirement transition, actively avoid these systemic errors:

• Overconfidence in market returns: Do not project 10 percent annual portfolio growth to make your retirement math work. Use conservative estimates.
• Ignoring tax diversification: Ensure you have a mix of taxable, tax-deferred, and tax-free accounts to navigate changing tax codes.
• Setting and forgetting: Your financial plan is a living document. Review your withdrawal rates and asset allocation at least once a year.