When it comes to retirement planning, the earlier you start, the easier it is. Starting early gives your money more time to reap the rewards of compounding growth. The best time to start planning for your retirement is when you join the workforce. The next best time is now, if you haven't done so already.
12 Retirement Planning Mistakes You Should Avoid:
#1: No Plan in Place
#2: Saving Too little
#3: Don't Start Saving Early Enough
#4: Relying Solely On Central Provident Fund (CPF)
#5: Underestimating Health Care Costs
#6: Underestimating Life Expectancy
#7: No Debt Repayment Plan
#8: Overestimating Your Ability To Work During Retirement
#9: Investing Too Aggressively – Or Not Aggressively Enough
#10: No Drawdown Strategy In Place For Your Retirement Savings and Investments
#11: Underestimate the Effects of Inflation
#12: Not Reviewing Your Retirement Plan Regularly
