Investing can be one of the most effective ways to build long-term wealth, yet many people hesitate due to widespread myths and misconceptions. From the belief that investing requires a fortune to the idea that market timing is a reliable strategy, these misunderstandings often prevent individuals from making informed financial decisions.

Retirement marks a significant transition in life, but without careful planning, it can quickly become a financial minefield. Many retirees make costly mistakes that could have been avoided with a little planning and putting the right strategies in place. We spoke with our financial professionals to identify the biggest pitfalls they see people make as they transition into retirement — and get tips on how you can avoid them.

When planning for retirement, most people focus on saving enough money to cover their expenses after leaving the workforce. However, one crucial factor that often gets overlooked is longevity. We are living longer, and while a longer life offers the potential for more experiences, it also increases the time your retirement savings need to last. As longevity continues to increase, the way you manage your health and finances must evolve.

Let’s dive into how longevity and overall health should be integral components of your financial planning decisions comfortable retirement.