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b'Investing and retirement planning can be derailed by common mistakes. Emotions running the gamut from panic to hopelessness can be spurred by the ups and downs of the market.

How do you stay the course? How do you find a course? How much will you need? These can feel like impossible decisions. And when it comes to understanding tax laws and Social Security, most people simply don\\u2019t have the know-how to maximize their outcomes.

Trying to figure all of this out on your own can be a nightmare \\u2013 and most people fall victim to a pitfall or two along the way.

Tonight on the Lange Money Hour, top CPA/Attorney, and IRA expert Jim Lange will identify some of the most common investing, estate planning, and tax mistakes he has seen over and over again in his 30+ years of helping people plan for retirement.

Here are just a few examples:

Outdated wills that penalize your spouse.
Failure to make Roth IRA contributions or have a Roth IRA conversion plan.
Spending too much or too little in retirement.
Asset allocation and diversification mistakes.
Forgetting to regularly rebalance your portfolio.
Taking Social Security at the wrong time, which can cost you tens or even hundreds of thousands of dollars.
Forgetting to factor pension and Social Security allocations into your planning.
Investing emotionally \\u2013 selling high and buying low.

Jim offers ways to identify and avoid these traps \\u2013 and he\\u2019ll also outline specific strategies to help you prepare for the Congressional threat to kill the Stretch IRA \\u2013 a potentially devastating change that could cost your heirs hundreds of thousands of dollars.