10 ways to ruin your retirement

You have a much better chance of enjoying your golden years if you avoid these potentially disastrous mistakes.

 of 12
 of 12

VIDEO ON MSN MONEY

39Comments
Jul 25, 2013 7:55PM
avatar
Don't read these articles folks! You'll be just fine.
Jul 25, 2013 10:19PM
avatar
There's an 11th way to ruin your retirement.............keep Obama in the White House.
Jul 25, 2013 11:13PM
avatar
The person who wrote this article is clueless.
Jul 26, 2013 1:39PM
avatar
Let's not forget the workers who have tried to do the right thing and have conscientiously tried to save for retirement via 401k, only to get wiped out and start over several times. I am just your average income earner who has lost so much money during the stock market crashes and my company going bankrupt, such that I will never have even close to enough to retire on, no matter how hard I try. Perhaps I have to work until my 80's if my company decides to keep me & if my brain doesn't fail me. 

Jul 28, 2013 7:48PM
avatar
By working for a major corporation for 25 years and living below our means for many years, my wife and I retired at 50 with no debt, over 700,000 in IRAs, over 200,00 in CDs, a pension worth 36,000 a year, and medical for life.

Our lifestyle was based on the lower of our two salaries, was comfortable but not extravagant, and allowed vacations.


Live below your means and it can work.

Jul 26, 2013 10:53AM
avatar
If you don't start investing in your 20's,or put extra in in your 30's.By the time ya get in your 40's unless ya start putting most of your income into retirement,you can plan on working the rest of your life.And social security.If all the baby boomers start collecting social security when they turn 62,the government  is going to panic big time.They are having trouble now paying every month.
avatar
It's nice to have someone to blame for NOT having lots of funds and set for life when we retire but we have to be responsible too for not planning for our future.    President Obama is not our problem. Most of us do not have high paying jobs that afford us to save for the future, many do not have life insurance outside of their job. It's a blessing for most of us to keep a roof over their head and food on the table. Get real people, only a few in society are able to retire to live a luxurious life. Who do we blame.....fate, destiny? We should not forget that money is not everything, its nice to have but we can't buy good health or happiness.  Some of those with huge retirement funds spend it on their health to get well, so what's your pleasure..........money or happiness.  There is no guarantee we will live to retire . if we do..........then we will be okay with what we have.
Jul 27, 2013 9:47PM
avatar
If you don't already know all these things, it's too late.
avatar

It's nice to have someone to blame for having lots of funds and set for life when we retire but we have to be responsible too for not planning for our future.    Obama is not our problem. Most of us do not have high paying jobs.  Living on a shoe string budget does not allow saving for retirement.  Most are blessed to keep a roof over their head and food on the table.  Get real people, only a few are able to retire to live a luxurious life.  Who do we blame.....fate, destiny?  Money is not everything, we can't buy good health. We need to be blessed with being alive............then let the chips fall where they may.   After all, there is no guarantee we will live to retire.  if we do..........then we will be okay with what we have.

Jul 26, 2013 8:15AM
avatar
why does Obama come into play when bush and the rich stock market theifs stole this country blind and put most working americans in poverty.i don't get it you lived it people are you so blind you can not see what happened here.think what it is like to have no insurance and the millions that will now have it including children with cancer.its not one are two people its millions of familys americans that worked hard tried hard and everything was stolen by George w bush  and the rich.just because you were not one of them don't turn a blind eye.and Obama is not superman.thangs that were this distructful time to heal.and remember he didn't say thangs were written in stone he said he would change the thangs that didn't work.read folks do some research before you open your jaw.thanks
Jul 27, 2013 10:58AM
avatar
most of the people spent there 401s during the bush administrations go.just to live on now that all the republicans stole us blind were all broke.guess we can all starve to death together while the bushes spend millions of you hard earned tax money.and all the 401k money they stole and there rich republican cronies.
Jul 28, 2013 10:32AM
avatar
VIRGIL 11;If you like losing money vote Republican.
Jul 26, 2013 5:50AM
avatar
The worthless articles keep coming just as if somebody cares.
Sep 17, 2013 12:03AM
avatar
Who cares?  ZOMBIES are coming!!!!!!!!!!!!!!
Aug 2, 2013 12:24PM
Jul 26, 2013 10:37AM
avatar

2 worst ways to ruin your retirement: 1) Investing in 401K (Wall Street) and  2) Obama who is creating all the drama.

 

Oh! Retired Joe makes sense, it is definitely to you're advantage to collect Social Security at 65, which is now about age 67 then

it won't be soon they'll change it to 70. Just when you hit 70 they'll make it 72 and when you're near 72 it will be 75.

Reason they will prolong the age, they figure you can work longer so the Politicians and wealthy can spend your money.

 

How many people will be able to obtain a job after age 70,  less than 1 percent if you're lucky. The others bank on dying soon.

Jul 27, 2013 11:02AM
avatar

The Dow is up 90% with Obama.Change the Constitution to give him another term.

Unless you liked the Dow down 37% with Bush.There are morons that actually thought

GWB did a good job.I actually liked watching my 401k skyrocket.

Jul 29, 2013 6:06AM
avatar
And...Keeping Obama (Democrats) and the Mafia ( Unions) in the White House.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.