Working with a Financial Planner is important.  Based on our experience, here are some of the common mistakes in Financial Planning:

• Failure to plan for effects of inflation on your cost of living
• Waiting too long to plan
• Drawing too heavily on your assets
• Deferring too much or too little
• Contributing a flat dollar amount to your employer retirement rather than a percentage of your pay
• Foregoing tax incentives of savings
• Not diversifying your income streams for retirement
• Inadequate cash reserve
• Failure to execute on the plan
• Failure to monitor the plan
• Unrealistic or no budget