Retirement planning isn't easy, so if you're falling behind on your savings, you're not alone.

The median amount workers have saved for retirement is just $27,376, according to Vanguard's 2023 How America Saves report. This means many retirees will end up relying on Social Security and other sources of income to pay the bills.

This isn't necessarily a bad thing, but in some cases, it could spell trouble. And new research suggests that nearly one-quarter of older adults are making a particularly worrisome mistake.

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Source Fool.com