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Your 50s are one of the most important decades for retirement planning. The financial decisions you make now can significantly impact your income, lifestyle, and flexibility in retirement. In this video, we break down 10 common retirement planning errors people in their 50s often make and why they matter more than ever for Gen X. From underestimating healthcare costs and delaying serious planning, to mismanaging investment risk and relying too heavily on Social Security assumptions, small mistakes can compound quickly at this stage. We explain how contribution limits, catch up strategies, asset allocation, and debt management play a critical role in strengthening your retirement outlook. This clear, practical explainer is designed for busy adults who want straightforward financial insights without unnecessary complexity. Whether you are ahead of schedule or feeling behind, understanding these retirement planning risks can help you make smarter adjustments while you still have time. Watch until the end to see how thoughtful changes in your 50s can dramatically improve your long-term financial security. #retirementplanning #investing #personalfinance