What are some common retirement planning mistakes to avoid?
Some common mistakes include not starting early, underestimating expenses, and failing to diversify investments.
How can I start planning for retirement effectively?
Begin by setting clear goals, creating a budget, and considering retirement accounts like 401(k)s or IRAs.
What should I consider when estimating my retirement expenses?
Consider healthcare costs, housing, lifestyle choices, and inflation when estimating your retirement expenses.
Is it too late to start planning for retirement?
It's never too late! Even small contributions can make a difference. Focus on maximizing your savings now.
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