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The Biggest Financial Planning Mistakes Clients Make: Advisors’ Advice

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Investors make all kinds of mistakes when they handle their own financial planning or let somebody unqualified do it for them.

Advisors polled by ThinkAdvisor told us that the biggest financial planning mistakes their clients made ran the gamut from not having a plan at all to not understanding how their pensions work to spending way too much money on a major purchase without consulting their advisor.

The advisors also provided several ways in which they have fixed the financial planning mistakes made by their clients. Check out what advisors said in the gallery above. Some answers have been edited for length.

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