Retirement Mistakes to Avoid, Ways to Reduce Taxes on Investment Income, Why You Need Estate Plan Check-Ups

16 Retirement Mistakes You Will Regret Forever | Six Reasons to Avoid a Self-Directed IRA | Estate Plan Check-Ups: Don t Just Set It and Forget It Created for {EMAIL} | [Web Version]( February 1, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top Story [] [16 Retirement Mistakes You Will Regret Forever]( [16 Retirement Mistakes You Will Regret Forever]( (Getty Images) As you prepare for retirement don’t unknowingly self-sabotage — make sure you are making the right choices. We've compiled a list of the [16 biggest retirement planning mistakes]( and how to avoid making them. [] IRAs [] [Six Reasons to Avoid a Self-Directed IRA]( [Six Reasons to Avoid a Self-Directed IRA]( (Getty Images) These specialized retirement accounts let investors do things they can't in an ordinary IRA, such as invest directly in alternative assets. But there are many pitfalls and potential penalties when you invest through a self-directed IRA. Look over these [six reasons to avoid these accounts]( to know what you are getting yourself into. [Trending Stocks Sent To You In Real Time]( Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! [LEARN MORE]( ADVERTISEMENT [] Estate Planning [] [Estate Plan Check-Ups: Don’t Just Set It and Forget It]( [Estate Plan Check-Ups: Don t Just Set It and Forget It]( (Getty Images) Once an estate plan is completed, you need to review it regularly. Just as you see your doctor proactively, you need to carry out periodic check-ups on your estate plan to make sure it is still in sync with your needs and goals. Our guide will help you zero in on what could [impact your estate plan](. [] Investment Income [] [Three Ways to Reduce Taxes on Your Investment Earnings]( [Three Ways to Reduce Taxes on Your Investment Earnings]( (Getty Images) Getting a tax advantage for contributing to your retirement or investment accounts is a great incentive. At some point you’ll need to withdraw that money and finally pay taxes on part or maybe all of the distribution. Use these [three strategies to reduce the tax bill on your investment income](. [Out Of This World Stock Picks]( Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! [LEARN MORE]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Advisor Collective [Join the Kiplinger Advisor Collective Today]( Are you a seasoned financial professional with a wealth of experience waiting to be shared? Do you dream of expanding your influence within the industry and connecting with like-minded peers? 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