Retirement is a significant milestone in one's life, a time when individuals transition from their active working years to a more relaxed and leisurely phase. However, planning for retirement can be a complex process that requires careful consideration and foresight. It is essential to be aware of common mistakes that people often make when preparing for this crucial stage of life. In this article, we will explore some of the most common mistakes to avoid when planning for retirement and provide valuable insights to help you make informed decisions about your financial future. Insufficient Savings One of the most common mistakes individuals make when planning for retirement is not saving enough money. It is crucial to start saving early and regularly contribute to a retirement account to build a substantial nest egg. Failing to save adequately can lead to financial insecurity during retirement. Neglecting to Set Clear Goals Without clear retirement goals, it becomes challe...