"The Top Financial Mistake People in Their 50s Make and How to Correct It, According to a CFP"

In their 50s, people should avoid the mistake of thinking their financial situation is set in stone and consider securing long-term care insurance, increasing 401(k) contributions, and diversifying tax buckets. Long-term care insurance can help cover rising care costs, while increasing 401(k) contributions by 1% annually can significantly boost retirement savings. Diversifying investment accounts by adding money to a taxable brokerage account is also recommended to minimize tax implications in retirement.