3 Things That Can Instantly Reduce Your Nest Egg

One of the most challenging aspects of retirement is figuring out how much money to save. While it's not so easy to nail down a specific number, it's fair to say that the more money you sock away, the better positioned you'll be to enjoy retirement to the fullest.

But building a strong nest egg isn't just a matter of contributing to a retirement fund and leaving things at that. In fact, if you're not careful, a few mistakes during your working years could set back your savings significantly. Here are a few factors that can slash your nest egg, so be sure to avoid them at all costs.

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Source: Fool.com