There are times when one may take retirement advice that is a detriment to their savings and assets. Here is a list of mistakes to avoid when planning your retirement.

Mistake #1: Not using employer-matching contributions. If your employer offers a contribution-matching program, you need to take full advantage of it. Maximize your contributions, and you have the potential to double a portion of it, thanks to your employer. Not doing this is a huge waste that many people miss.

Mistake #2: Not updating your beneficiaries. When you set up your plan initially, you designate people in your life to be beneficiaries of your plan. These people will be in charge of your assets if something happens to you, regardless of what your will or anything else states. Update this periodically, so that you know who you are leaving your assets to, and that they are still very close to you.

Mistake #3: Treating retirement plans differently than your portfolio. Some retirement advice states that you treat your retirement plans differently. Why? Positioning your assets in all of your plans is one of the best ways to maximize the potential of those investments. Include retirement planning with the rest of your portfolio.

Taking the right Contra Costa retirement advice leads to maximum earnings and returns on your investments. Consider all aspects of your retirement plan as you head towards retirement.