9 Retirement planning Pitfalls

1. You can never start saving too soon
2. Don't underestimate expenses in retirement.
3. Don't make your retirement plan contingent on employer or government programs that may not be around.
4. Don't assume health-care costs will be the same as they are in your working years.
5. Consider tax diversification.
6. Understand your retirement plan distribution options.
7. Avoid retiree tax blunders.
8. Take your retirement distributions in the right order.
9. Don't let the courts or the government make life or death decisions for you.

You can't have missed the sad case of Terri Schiavo. She left no instructions on what to do if she was on life support, and you can see what a tragic outcome this has had for her family.

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