This Common Retirement Mistake Could Cost You Nearly $250,000

When you're saving for retirement, you're bound to make some mistakes. Nobody has all the answers, and there's no one right way to save for the future.

For the most part, these mistakes won't ruin your chances at a comfortable post-work life -- especially if you catch them early and make corrections. However, there are some mishaps that could potentially be disastrous to your financial health.

One of them includes not considering the costs of long-term care. It may not seem like a significant issue, especially when you're still relatively young and have decades before you even think about your final years. But if you don't plan for these expenses now, it could cost you hundreds of thousands of dollars later on.

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Source Fool.com