SFA041 10 common financial mistakes before retirement (1055 words)

This article addresses an important topic highlighting 10 common mistakes people make as they get closer to retirement. It recommends seeking professional advice.

Many of us would like to think that ‘older’ means ‘wiser’, but when it comes to money that isn’t always the case. The complexity of Australia’s superannuation and pension systems doesn’t help. The upshot is that there are a number of common mistakes that retiring and retired Australians make.

What are those mistakes and how might you avoid them?