The 8 Biggest Mistakes People Make with Their Finances Before and after Retirement

Date: 19 January 2011, 08:39

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According to financial expert and author Terrence L. Reed, there are eight mistakes that he has seen with painful regularity in his years of practice as a financial advisor. These are: #1 Not investing for the long term #2 Taking on financial risk #3 Failing to do dignity planning #4 Not having good long-term care coverage #5 Not properly planning for estate transfer #6 Paying too much in taxes #7 Using the wrong investment strategies #8 Having the wrong type of life insurance
To fix these eight mistakes, follow the proven, commonsense strategies outlined in The 8 Biggest Mistakes People Make with Their Finances Before & After Retirement. Guiding readers how to live comfortably in retirement, the author suggests course corrections. He explains and illustrates how to protect retirement funds, safeguard financial security, provide for loved ones, use the best retirement funds distribution options, avoid excessive risk, minimize tax exposure, select low-cost investments with the highest potential returns, and invest for the future.

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