The biggest retirement mistakes have nothing to do with investing believe it or not, said Ed Slott, Founder of Ed Slott & Company. Slott said not maximizing your retirement contributions is a major mistake and savers should take advantage of every option to keep putting money away in a retirement account. Another major error in Slott’s opinion is leaving your job and taking Social Security too soon. As for required distribution mistakes, Slott said a huge one was not taking all your retirement accounts into account. Finally, Slott warned against making the wrong rollover moves when moving retirement funds and not planning for taxes.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
