Retirement Traps: Unraveling Decades of Hard Work Through Common Mistakes

• Many treat retirement as a finish line, underestimating expenses for an active initial phase, leading to financial strain.
• Underestimating healthcare costs is a major trap; medical inflation and out-of-pocket expenses can quickly deplete savings.
• Being too conservative with investments post-retirement can lead to money growing slower than inflation, eroding purchasing power over 25-30 years.
• Over-reliance on illiquid property for retirement security can leave retirees 'asset rich, cash poor' and unable to meet monthly expenses.
• Ignoring inflation's long-term impact and failing to review/adjust retirement plans are critical errors that quietly undermine financial stability.

Why It Matters: Common, human mistakes, not just bad calculations, quietly unravel retirement plans, even for diligent savers.