Planning for Retirement? These Mistakes Could Leave You Miserable

Rather, they reach the end of their careers and hope that the savings they've amassed will, coupled with Social Security, be enough to pay their bills. Many people set retirement savings goals under the assumption that they'll be able to get by on a lot less income than they're used to. Now, it's OK to assume that you won't need quite the same amount of money as a retiree as you do during your working years -- especially since you won't have to make retirement plan contributions during retirement.