I follow a personal finance guy on Twitter, and I actually did an interview with him years ago. He’s a terrific guy, and he came up with some basic financial rules.
Let’s say you just got laid off from your job. You’re probably pretty upset.
Claiming Social Security benefits at age 62 is a huge mistake. Do not take Social Security at age 62.
As you approach retirement, the pressure to create a strong portfolio that will support you during your golden years can be overwhelming.
So, you've made a huge mistake. Gone are your 20s, 30s, and 40s. You're, say, 50, and staring down the barrel—you haven't saved any money for retirement.