7 Pitfalls Retiring Baby Boomers Must Avoid, Part 7

Here's part 7 of a piece from Money Central that details some of the most common retirement planning mistakes and how to avoid them:

Failing to get a second opinion on your financial plan

It can be well worth seeking out an objective expert to review your retirement plans. Some sources to try include the National Association of Personal Financial Advisors, which represents fee-only planners; the American Institute of Certified Public Accounts for a referral to a CPA with a specialty in personal finance; or the Garrett Planning Network, which represents planners who charge by the hour. Make sure your adviser has experience counseling retirees and has stayed up to date with the latest changes in tax law regarding retirement plans.

A second opinion never hurts -- and you only get one chance with these funds. It's probably a wise move to seek more advice in this situation.

Free Money Finance recommends Emigrant Direct. Its 4.0% yield is something you shouldn't avoid.