Don't Retire Poor -- Avoid These 10 Pitfalls

There are a number of factors that can contribute to not having enough money when you retire, but the most serious are not starting to save early enough and funding other things before retirement.

Here are 10 mistakes many people make to shortchange their retirement:

1. Setting money aside for college ahead of retirement: Many people decide that placing money into their children's college funds is more important than placing it into their own retirement fund. This is rarely a good idea. While it is possible to get loans for college, the same can't be said about retirement. Make sure that you contribute to your retirement fund first, and then work on providing some help for your children's college education. ...