3 Retirement Strategies That Are as Risky as Penny Stocks

Let's be honest: We'd all like to get rich quick. That's why so many of us invest, after all. But while some stick to tried-and-true investments, others prefer to take a risk on unproven penny stocks. This might pay off for a lucky few, but most never manage to outperform the market.

People make similar gambles with their retirement strategy, not realizing that the consequences can be even more dangerous. Betting on the wrong penny stock might cost you your original investment, but coming up short in retirement can leave you destitute. If you want to avoid such hardship, avoid the three following mistakes.

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Source Fool.com