Among the most common financial mistakes, a scattered portfolio, old accounts, and overlooked documents can quietly drain wealth.
Tax inefficiency and outdated beneficiaries often go unnoticed until it’s too late.
If you want to prevent costly mistakes, make sure you have a clear financial plan that you regularly revisit and adjust as necessary.

While many Americans consider $1.5 million to be the "magic number" that they need to save in order to retire, experts advise saving more than that.
$1.5 million might not be enough due to the rising cost of healthcare as well as inflation.
If you're looking to retire early, consider either continuing to work in some capacity or being more aggressive with your savings during your working years.

Legendary investor Charlie Munger called the first $100,000 difficult to earn, but he also pointed out that compound growth makes all your future gains easier.
It takes 9.5 years to save $100,000 if you're putting away $650 per month at an average 7% annualized return.
After that decade, it only takes just under two and a half more decades to become a millionaire, showing the speed of growth under compound interest once you save six figures.

Americans can expect to pay anywhere from about $5,700 to over $30,000 per month for nursing home care, depending on the market.1
Medicare covers 100% of the costs of nursing home care for only 20 days. After that, families must handle the costs.
There are steps families can take to try to shield themselves from these high costs, but it's important to prepare early.

Libya has the highest official retirement age at 70 years old.
Other countries with high retirement ages include Australia, Greece, Iceland, Israel, Italy, the Netherlands, Spain, and the United States.
Countries with low official retirement ages often have high effective retirement ages, meaning people tend to work until their mid-60s regardless of where they live.
While the United States will avoid a rise in the retirement age in 2025, from 67 years old, the Republican Party has continually proposed this during budget talks.

While many Americans consider $1.5 million to be the "magic number" that they need to save in order to retire, experts advise saving more than that.
$1.5 million might not be enough due to the rising cost of healthcare as well as inflation.
If you're looking to retire early, consider either continuing to work in some capacity or being more aggressive with your savings during your working years.