Avoid These 7 Common Mistakes to Secure Your Retirement Comfort

• Delaying retirement planning, especially in later working years, is a major pitfall, as time is crucial for compounding savings.
• Underestimating increased life expectancy means retirement funds must last longer than the typical 15-20 year projection.
• Ignoring inflation's impact on daily expenses significantly erodes purchasing power, making current savings inadequate for future costs.
• Overly cautious investment strategies with low returns fail to beat inflation, necessitating a balanced portfolio with growth-oriented assets.
• Underestimating rising healthcare costs in old age and financially supporting dependents can quickly deplete retirement savings.

Why It Matters: Early, realistic planning and regular review are vital for a comfortable, stress-free retirement.