How to keep your retirement plans on track

The retirement goal lends itself to multiple misconceptions and errors. You think you have a long time to save for the goal and so postpone it indefinitely, till it is too late. Or, you expect your expenses in retirement will be low and set a lower goal. Or, you focus on the urgent and immediate needs and leave the important retirement goal to drift along till it is too late to undo the damage done by procrastination and lack of direction. The biggest threat to the retirement that you dream of is inadequate funds. To mitigate this risk, pay attention to the major factors that can impact your retirement corpus. Here are some of these, and they are so vital that ignoring them will imperil your retirement plan.

This article was originally published on May 18, 2017.