Great list of common mistakes of those in their 50’s, written by David Ning in US News.
The list includes:
- Don’t get a new 30-year fixed mortgage
- Try not to inflate your lifestyle
- Avoid financial advisers who suggest actively managed funds
- Don’t start buying individual stocks
- Don’t ignore debt
You can see the full article here for details on each of these points. What other advice would you give for those in their 50’s?