There are some big retirement mistakes that are costing you money.

New data out shows that nearly half of workers over the age of 50 are afraid of

out living their savings accounts at retirement. Fear around retirement of course

is common but it's not something you have to live with if you plan accordingly.

So on today's show we're going to dive into the biggest retirement to live with if you plan accordingly.

So on today's show, we're going to dive into the biggest retirement mistakes that are costing

you money and contributing to fear and stress about your retirement.

You're going to learn about the overall state of the retirement savings in the United States,

some shocking data, actually it's pretty stunning, and some of the key retirement mistakes that

you can avoid as an investor and what to do instead.

So number one, number one retirement mistake that's costing you money is heavily relying on that 401k plan.

The 401k plan was created as a compliment to the pension plan.

It was meant to work in tandem with pension plans,

but for the most part, traditional pension plans are gone.

They don't really exist anymore.

Gone are the days of setting up a 401k plan and a pension plan and ending up with a comfortable retirement.

Times have changed.

Yet employers and financial advisors are still selling you on the promise of the 401k plan.

401k's are expensive due to their high fees, they offer little to no flexibility.

If you have a great company match, that's one thing.

A 401k can be a solid part of your strategy, but if you're relying on the 401k alone to help you live out your retirement goals, you're going to be sorely disappointed.

I've been talking about the downfall of the 401k for years now and when you actually

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