Here are five retirement planning mistakes and how to deal with them, courtesy of ColoradoSpringsOver50.com.
1 – Be careful in putting all your investments (nest egg) in one basket
A planned well-diversified portfolio facilitates positive performance of some investments and can balance out poor performance of others investments. The mix of investments in different asset classes (e.g., stocks, bonds, real estate) help keep your retirement goals on track even when one investment goes through and downsizing period. (more…)