In your 40s, the biggest investing mistake is under-saving due to competing priorities. Experts warn that assuming income will rise later can lead to financial disaster. Lifestyle creep can replace wealth building, setting up a stressful future. Prioritize savings, diversify portfolios, and automate contributions to correct these mistakes.

Delaying investing in your 40s can cost more than you realize. Lifestyle creep and under-saving can lead to a lean retirement. Experts advise tracking expenses, automating savings, and simplifying accounts to prioritize retirement contributions. By age 40, aim to save three times your salary, and four to five times by age 45.

Consistent, automated saving at a higher contribution rate is the most impactful habit in your 40s. Proper diversification, risk management, and avoiding emotional reactions to market swings are crucial. Diversify across asset classes, avoid overconcentration in employer stock, and always rebalance and adjust your allocations for long-term growth.

Your 40s don’t have to be a financial setback. With intentional shifts like automating savings, simplifying accounts, and prioritizing contributions, you can build a solid foundation for the retirement you desire.

Read more at Yahoo Finance: The Investing Mistake Almost Everyone Makes in Their 40s