Stocks are one of the best weapons for fighting the effects of inflation. Putting all your eggs in one investment basket. To minimize risk, maintain a diversified investment mix of stocks, bonds and money market funds. A family of mutual funds will allow you to transfer money from one fund to another with ease, to maintain the diversity you need. Tapping your retirement income too soon.
Some retirees go on a spending spree as soon as they retire, and they regret it later.
Delay withdrawing money as long as you can. The longer you can build up your retirement assets with tax deferred, the better. All rights reserved.