So you say you’re already contributing to a 401(k) or some other type of retirement account? Congratulations—you’re working on making your future self very happy. That’s because the secret to retirement savings is that you can’t make up for lost time. And if you’re making progress, you want to make sure that you’re doing retirement right…right?
Knowing just how much to save is one of the hardest financial challenges there is. You might try a calculator, or talk to a financial planner to figure out your big picture. And, in the meantime, you should avoid any little missteps that might put a crack in your nest egg. That’s why we asked several Certified Financial Planners™ to pinpoint six common pitfalls they see when it comes to saving and investing for retirement, and how you might avoid them.