One common mistake while planning for retirement is to be conservative with your investments. While generating a corpus in your 40s for example one can invest aggressively and then look at moving to conservative assets while getting closer to retirement age.
Another common slip that happens is when parents go overboard in taking care of children’s marriage expenses due to social pressures while sabotaging their retirement funds. Many a times, parents dip into retirement savings in order to have a big wedding and later find insufficient corpus for themselves.
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