If you find yourself daydreaming of retirement, you're likely envisioning warm beaches, plenty of time to relax, and the opportunity to spend your golden years doing what matters most to you. However, not every retirement goes according to plan, and it's a good idea to avoid the pitfalls that could spoil your senior years.

The National Bureau of Economic Research, a private nonprofit organization, recently put out a study exploring the biggest regrets of older Americans, and how those regrets can change based on what people know about their life expectancy. The study found that "many older Americans experience high levels of financial regret." Keep reading to see the top five regrets the report identified. 

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Source Fool.com