00:00Make these mistakes and you'll never have money to retire.
00:03We always hear what to do, but sometimes it's important to hear what not to do.
00:08These following errors make the task of retiring go from difficult to impossible.
00:13Taking Social Security Too Early
00:15If Social Security becomes your primary source of income in retirement and you claim it as soon as you're eligible,
00:22it could mean receiving less money per month, reports Money Talks News.
00:26Being Too Safe With Your Savings
00:28A large amount of money sitting in a savings account suffers one major risk, inflation.
00:34If prices soar, then your expenses might quickly swamp your savings.
00:38Take a risk by investing some of it in the stock market or have a real estate investment.
00:44Lastly, U.S. News Money mentioned forgetting to plan for taxes as another major mistake.
00:50The amount of taxable income you receive in retirement will impact your available funds.
00:55At times, it can mean paying more than you were used to.
00:58Don't change the world to the stock market or sating.
00:59It could mean the amount of taxable income it'd be.
00:59Suiza on your vacation, it could take that reason.
