Some people suffers lack of money after years retire. They must be failure to retire or calculate the retire needs. Finally, they will sell the assets to fulfill their needs. Badder, the retiree will sell their house and live at the street.

The employer should avoid the mistake in retiree. There are some mistakes that should be avoided by retire such as: 

1. Neglect pension fund or feel safety

Most young men do not think about retirement because they think they still young and have much opportune. They spend money to useless things like go to bar, cinema, pleasure, etc. 

I think when a young man enter any company, he should think for retiree too. If you invest $ 5,000/year at 401 (k) (assumption: interest rate 7%) at 25, you will get $ 1 million by age 65. Meanwhile, if you start saving at 45, you will get $ 205,000. Today the interest is so low or around 2%; as consequently,the retiree will get less money.

2. Put money at one place. When stock market is bull or in the beginning of 90's, a retiree put 90% his money at shares only. At the end of 90's, the stock was decreasing, and his asset was decreasing to 25%. The retiree should buy various investment and asset such as share, mutual fund, index, ETF, precious metal, real estate, etc.

3. Mismanaging pension fund

Some retiree is wrong to put their money at pension fund company. If the company offers the company match, you have better to take it.

4. Retiring too early

Some employer decide to pension too early but they have no enough money at pension fund. For example, an employer decide to retire by 40 meanwhile, you just have thousand dollar in pension fund. Retiring early make retirement could not get the increasing the value of social security payment and the value of 401 (k).  If you withdraw your pension fund, you will be charged with tax and penalties.

Make a good plan, if you want retire early. If you are still health, you have better to work at the office.

5.Not Investing. Some retiree careless and neglect investment because they feel they have enough money and does not want to think anything. The retiree is also to afraid to invest because he does not want the money gone. They just put money at risk free investment and saving meanwhile it does not guarantee to keep the retiree money value.

6. Using bad broker or adviser. Since some retiree have no financial background, the retiree ask an adviser or a broker for managing their money. Sometimes an adviser performance is not good as market performance or index. Only one third broker could beat market. Selecting a bad broker will make your retire fail. Therefore, you need a trusted broker to multiply your money.

7. Not consider precious metal. The ancient people has used gold as their saving. While dollar decreases, gold price is increasing. Gold is the best investment which can save your asset.It is able to resist from inflation or deflation.

8. Taking a loan. Some retirement are bored because they have no activity and just stay at home. Then they build a business to move their muscles with debt. Debt is a financial diseases, according to me. You should avoid it even you have much money.