{"id":1135,"date":"2024-06-18T12:01:54","date_gmt":"2024-06-18T16:01:54","guid":{"rendered":"https:\/\/wp-dcb.resultspw.com\/?page_id=1135"},"modified":"2024-07-17T10:30:38","modified_gmt":"2024-07-17T14:30:38","slug":"top-10-retirement-planning-mistakes-to-avoid","status":"publish","type":"page","link":"https:\/\/www.deanbank.com\/resources\/financial-resources\/top-10-retirement-planning-mistakes-to-avoid\/","title":{"rendered":"Top 10 Retirement Planning Mistakes to Avoid"},"content":{"rendered":" <div class=\"page-header-simple section-bg-blue \"> <div class=\"container\"> <nav id=\"breadcrumb\" class=\"breadcrumb\" aria-label=\"Breadcrumb\"><span><span><a href=\"https:\/\/www.deanbank.com\/\">Home<\/a><\/span><\/span><\/nav> <h1 class=\"title\">Top 10 Retirement Planning Mistakes to Avoid<\/h1> <\/div><\/div>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"> <div class=\"block-product\"> <div class=\"product-container\"> <div class=\"content\"> <div class=\"body\"> <p>Keep your retirement planning efforts on track by avoiding these setbacks.<\/p>\n<ol>\n<li>Listening to the wrong people.<\/li>\n<li>Not understanding the tax consequences for investments, IRAs, pensions and other retirement products.<\/li>\n<li>Choosing the wrong pension option.<\/li>\n<li>Misunderstanding what Medicare and Social Security do and do not pay for.<\/li>\n<li>Getting caught by the 20 percent withholding penalty for lump sum distributions.<\/li>\n<li>Owning your assets the wrong way.<\/li>\n<li>Thinking \"risk\" just involves losing principal.<\/li>\n<li>Paying for the wrong kinds and wrong amounts of insurance.<\/li>\n<li>Planning for your retirement when you are already retired.<\/li>\n<li>Not doing consistent, careful, ongoing planning.<\/li>\n<\/ol>\n<p>Have questions about retirement planning? <a href=\"\/contact\/\">Contact us<\/a>.<\/p> <\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"> <section role=\"search\" aria-label=\"Search Area: How Can we Help?\" class=\"mod-help\"> <div class=\"help-container\"> <h3 class=\"title\">How can we help?<\/h3> <form id=\"sidebar-search\" method=\"GET\" action=\"\/search\/\"> <label class=\"visuallyhidden\">Search our site<\/label> <input type=\"search\" name=\"search_key\" class=\"help-search-input\" placeholder=\"I want to...\" \/><button class=\"help-search-submit\"><img decoding=\"async\" src=\"https:\/\/www.deanbank.com\/wp-content\/themes\/dcb-theme\/images\/ico-sidebar-search.svg\" alt=\"Submit Search\"\/><\/button> <\/form> <\/div><\/section> <section aria-label=\"Related Products and Services\" class=\"nav-related\"> <h3>View our Products & Services<\/h3> <!-- Menu: 3 --><!-- Menu Name = 3 --><!-- Base ID = 775 because base is 775 --><nav class=\"menu_nav cm_3\" aria-label=\"Financial Resources Menu\"><ul><li class='item_spot_105 expanded  not_current'>\r\n                            <!-- Base Parent ID = \/resources\/financial-resources\/substitute-checks-your-rights vs \/wp-json\/wp\/v2\/pages\/1135 --><a target='' class='' data-nav-item-id='substitute-checks-and-your-rights' data-nav-item-parent-id='775' href='\/resources\/financial-resources\/substitute-checks-your-rights\/'>Substitute Checks and Your Rights<\/a><\/li><li class='item_spot_106 expanded  not_current'>\r\n                            <!-- Base Parent ID = \/resources\/financial-resources\/foreclosure-rescue-scams vs \/wp-json\/wp\/v2\/pages\/1135 --><a target='' class='' data-nav-item-id='foreclosure-rescue-scams' data-nav-item-parent-id='775' href='\/resources\/financial-resources\/foreclosure-rescue-scams\/'>Foreclosure Rescue Scams<\/a><\/li><li class='item_spot_107 expanded  not_current'>\r\n                            <!-- Base Parent ID = \/resources\/financial-resources\/check-fraud-fbi-alert vs \/wp-json\/wp\/v2\/pages\/1135 --><a target='' class='' data-nav-item-id='check-fraud-fbi-alert' data-nav-item-parent-id='775' href='\/resources\/financial-resources\/check-fraud-fbi-alert\/'>Check Fraud - FBI Alert<\/a><\/li><li class='item_spot_108 expanded  not_current'>\r\n                            <!-- Base Parent ID = \/resources\/financial-resources\/couples-divide-and-conquer-financial-responsibilities vs \/wp-json\/wp\/v2\/pages\/1135 --><a target='' class='' data-nav-item-id='couples-divide-conquer-financial-responsibilities' data-nav-item-parent-id='775' href='\/resources\/financial-resources\/couples-divide-and-conquer-financial-responsibilities\/'>Couples: Divide & Conquer Financial Responsibilities<\/a><\/li><li class='item_spot_109 expanded  not_current'>\r\n                            <!-- Base Parent ID = \/resources\/financial-resources\/top-10-retirement-planning-mistakes-to-avoid vs \/wp-json\/wp\/v2\/pages\/1135 --><a target='' class='' data-nav-item-id='top-10-retirement-planning-mistakes-to-avoid' data-nav-item-parent-id='775' href='\/resources\/financial-resources\/top-10-retirement-planning-mistakes-to-avoid\/'>Top 10 Retirement Planning Mistakes to Avoid<\/a><\/li><\/ul><\/nav> <\/section> <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":0,"parent":1119,"menu_order":47,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"links_old_site_id":[],"class_list":["post-1135","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 10 Retirement Planning Mistakes to Avoid - Dean Bank<\/title>\n<meta name=\"description\" content=\"Avoid these retirement planning mistakes to avoid setbacks as you plan and save. 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