These 4 Mistakes Will Wreck Your Retirement

When we think about retirement, we often picture carefree seniors frequenting the theater and boarding cruise ships every other month. But the fact of the matter is, countless seniors end up struggling financially in retirement, and it's often due to the same few mistakes. Here are four major errors that could easily destroy your retirement if you're not careful.

Many people are led to believe that they don't need to save independently for retirement as long as they have their Social Security payments to fall back on. But it's this very line of thinking that gets so many seniors into trouble, because no matter your income level or lifestyle, you simply cannot live off Social Security alone.

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Source: Fool.com