Retirement is a time to reflect, and many retirees have regrets about their financial preparation. According to a study by the Transamerica Center for Retirement Studies, 7 in 10 retirees wish they had done more to prepare for retirement. 76% of retirees surveyed also wish they had saved more consistently. Fidelity recommends saving at least 15% of your pretax income for retirement, but any amount saved consistently can benefit from compound interest. Many retirees regret not knowing enough about retirement saving and investing, which is unsurprising given the low financial literacy rates among American adults. Nearly half of retirees in the study said debt interfered with their ability to save for retirement. Dave Ramsey suggests paying off debt before saving and investing to maximize your nest egg over time.

Read more at Yahoo Finance: The Biggest Retirement Mistakes People Wish They Could Undo