🧭 5 Mistakes that could Derail your Retirement (and How to Fix Them)

Planning for retirement should bring peace of mind—not panic. Yet, many Americans unintentionally sabotage their financial future with a few avoidable missteps. Here are the top five mistakes (and simple ways to fix them) so you can retire confidently and securely.

1️⃣ Relying Too Heavily on Social Security

The Mistake: Many assume Social Security will cover most of their living expenses. In reality, it typically replaces only 30–40% of your income.

The Fix: Build multiple income streams—such as investments, pensions, and tax-advantaged retirement accounts—to ensure stability and flexibility.

2️⃣ Ignoring Inflation

The Mistake: Planning today’s expenses without accounting for tomorrow’s higher costs.

The Fix: Incorporate an annual inflation rate (typically 2–3%) into your retirement plan and choose investments designed to outpace inflation over time.

3️⃣ Not Having a Withdrawal Strategy

The Mistake: Withdrawing randomly from accounts can increase taxes and deplete savings too fast.

The Fix: Use a tax-efficient withdrawal strategy—start with taxable accounts, then tax-deferred, then Roth—to stretch your savings and reduce tax impact.

4️⃣ Underestimating Healthcare Costs

The Mistake: Assuming Medicare covers everything—it doesn’t. Long-term care, dental, and vision often require separate coverage.

The Fix: Factor in healthcare costs early, and explore HSAs, supplemental insurance, or long-term care plans to protect your nest egg.

5️⃣ Going It Alone

The Mistake: Trying to manage investments and planning without expert guidance can lead to emotional decisions and missed opportunities.

The Fix: Partner with a fiduciary financial advisor who prioritizes your best interests and helps align your plan with your values and goals.

💡 Ready to Retire Confidently?

At Clarion Advisors, we believe retirement isn’t just about money—it’s about freedom, purpose, and peace of mind. Let’s create your personalized Retirement Confidence Plan so you can enjoy the life you’ve worked hard for.

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🌐 Visit: ClarionAdvisors.com

📧 Email: Marshall@ClarionAdvisors.com