A common mistake people tend to make in retirement planning is:
A)starting too early.
B)saving too little.
C)investing too aggressively.
D)planning too early.
E)spending too little.

Question

Quizplus · Accepted Answer

Saving too little is a common mistake people make in retirement planning. Many individuals underestimate the amount of money they will need during their retirement years and do not save enough to support their desired lifestyle. Starting too early or planning too early are not necessarily mistakes, as it is never too early to begin planning for retirement. Investing too aggressively can also be risky, but this depends on an individual's risk tolerance and financial goals. Spending too little may not be a mistake if someone is comfortable living a frugal lifestyle, but it can also indicate that someone did not save enough for retirement.

A Common Mistake People Tend to Make in Retirement Planning