Ideally, retirement is a time to pursue life on your own terms and agenda. However, financial advisers say that workers are often their own worst enemy when it comes to getting the retirement lifestyle they want.

What are the biggest retirement-planning blunders these advisers witness? Here are five of the most common — and costly, according to The Street:

  1. Waiting to begin saving.
  2. Missing out on tax incentives.
  3. Keeping all their eggs in one basket.
  4. Living too large in retirement.
  5. Making costly divorce mistakes.

via Advisers: These are the biggest retirement-planning blunders – TheStreet.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.