Planning to retire in 2026? Some retirement moves may negatively impact your financial stability. Finance experts highlight key mistakes to avoid if you’re planning to retire in 2026. Business owners seeking retirement advice should consider a profit maximization strategy over tax minimization. Increasing your company’s valuation can pay off in the long run.

Ignoring healthcare costs and timing could hinder your 2026 retirement plans. Private coverage may be necessary until Medicare eligibility at 65. Expect monthly premiums of $1,000-$1,500 per person. Out-of-pocket expenses can add up to $50k before Medicare coverage kicks in. Factor these costs into your retirement savings plan.

Relying on generic rules of thumb for retirement can be detrimental. Tailoring your withdrawal plan, tax strategy, and glidepath is crucial for long-term income planning. The size of your nest egg isn’t as important as having a well-thought-out withdrawal strategy. Plan ahead and seek professional advice to ensure a smooth retirement transition.

Read more at Yahoo Finance: 6 Retirement Moves You’ll Regret If You Plan To Retire in 2026