Four Costly Retirement Mistakes You Can't Afford to Make

When it comes to retirement-payout options,you get only one chance to get it right. Avoid these pitfalls.

Editor's note: This article is adapted from Kiplinger's Retirement Planning 2007 guide. Order your copy today.

When it comes to making crucial decisions about retirement payouts, you don't get a second chance. Instead of checking off boxes and signing forms on the way to your retirement party, take time to weigh your options. Making mistakes can be very expensive. Avoiding them can save you thousands of dollars in taxes. Start planning your exit strategy a few years in advance to take full advantage of all your options.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Mary Beth Franklin
Former Senior Editor, Kiplinger's Personal Finance