Planning for retirement sounds easy. Fund an IRA, participate in a workplace 401(k), save 10% of your income and the list goes on. Yet, American’s are behind when it comes to preparing for a successful retirement. Dustin Hocken and Phil Clark, Wealth Advisors, are exposing some of the most common blind spots that must be avoided. Retirement income will most likely come from three places; personal savings, 401(k)/Qualified Plan, and social security. Experts say social security will cover approximately 25% of the average final year’s compensation. Knowing the most common blind spots can help you avoid them and better prepare for successful retirement.
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