You absolutely need personal savings if your goal is to enjoy a comfortable retirement. Social Security might pay you a reasonably generous benefit, but chances are, it won't be enough to cover your living costs in full.

Rather, you should expect to need income outside of Social Security once your career wraps up, and that's where your IRA or 401(k) plan comes in. Meanwhile, we're basically at the tail end of 2022, and that means now's the time to focus on making the most of your retirement savings. That includes avoiding these big mistakes in December.

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Source Fool.com