Updated for 2024:
Even if you’ve done a great job of saving your entire working life, there are wealth busters that can destroy your financial plan for retirement. Certainly, missteps and mistakes will happen as you make your way toward retirement, but just knowing what the wealth busters are can help you avoid unnecessarily blowing up your retirement plan.
- Funding Adult Children
- Tapping Retirement Funds Early
- No Withdrawal Strategy
- Ignoring Market Performance & Inflation
- Not Maxing Out the Match