10 ways to ruin your retirement

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

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Jul 25, 2013 7:55PM
Don't read these articles folks! You'll be just fine.
Jul 25, 2013 10:19PM
There's an 11th way to ruin your retirement.............keep Obama in the White House.
Jul 25, 2013 11:13PM
The person who wrote this article is clueless.
Jul 26, 2013 1:39PM
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
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
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.
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
If you don't already know all these things, it's too late.

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
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
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
VIRGIL 11;If you like losing money vote Republican.
Jul 26, 2013 5:50AM
The worthless articles keep coming just as if somebody cares.
Jun 17, 2014 9:58PM
I am really nearing an age when I can't afford to make mistakes with my retirement savings.  I don't think that I have put away enough money, and after sitting down with a financial advisor last fall I am pretty convinced that he just wanted to sell me expensive annuities that won't help me much.
I decided to follow my own plan (after educating myself and deciding what will work for me) and I save money weekly to a Roth IRA.  I invest in low cost Vanguard mutual funds, with a 70/30 mix equities to bonds.  
I have a wife and two beautiful kids, and I want them safe if something happens to me. I regret to say that previously said advisor sold me a whole life insurance policy about 4 years ago that I have been paying $330 a month for.  After some research, and watching shows like Suzey Orman I decided that I would be better off cashing it in (what a waste) for some Term.  I got the same coverage from a policy at LifeAnt for $27 a month, and I save the difference to my 401k at work (and get a 4% match.)  If you haven't heard of buying term and saving the difference watch Dave Ramsey sometime its pretty crazy.
All I know is that I want the freedom to work a lot less when I get to my golden years and I do not want to rely on Social Security or be a burden to my kids.  Luckily I think that I still have enough time to make a push.
Sep 17, 2013 12:03AM
Who cares?  ZOMBIES are coming!!!!!!!!!!!!!!
Aug 2, 2013 12:24PM
Jul 26, 2013 10:37AM

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

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
And...Keeping Obama (Democrats) and the Mafia ( Unions) in the White House.
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