No Rollover Plan
Failing to plan your rollover can lead to tax penalties, missed opportunities, and lost growth potential.

Early Withdrawals
Taking money out too soon triggers heavy tax penalties, eroding your retirement savings faster than anticipated.

Ignoring Beneficiaries
Forgetting to update beneficiaries can cause legal issues and delay payouts, leaving loved ones in financial distress.

Improper Transfers
Using a distribution instead of a direct rollover can lead to withholding taxes and costly penalties, reducing retirement funds.

Required Minimum Distributions
Failing to take RMDs after age 73 can result in steep penalties, reducing your retirement account balance.

Ignoring Roth Conversions
Not considering a Roth conversion can lead to higher taxes later, reducing your flexibility in retirement.

Employer Advice
Over-relying on employer-provided advice can lead to biased decisions that don’t align with your financial needs.

Professional Help
DIY retirement planning can lead to costly mistakes due to lack of expertise in tax laws and investment strategies.

Overlooking Tax Impact
Neglecting to consider tax implications can cause unexpected liabilities, diminishing your retirement income.