Retirement is one of life's biggest milestones, and preparing for it requires foresight, discipline and adaptability. Yet many individuals fall into avoidable traps that can jeopardize their financial security.
In fact, nearly half of Americans expect to retire with less than $500,000, according to the Schroders 2025 U.S. Retirement Survey, despite estimating they'll need about $1.28 million for a comfortable retirement. This gap underscores the critical importance of thoughtful financial planning.
