Watch out for these retirement gotchas

If you're saving for retirement, you need to do your due diligence. After all, a "set it and forget it" mentality could mean your investments are being eaten by high fees.

Whether your retirement is 30 years off or just around the corner, you could be making big mistakes with your money. Between hidden fees and money traps you'll encounter, here are different ways you could be putting your retirement goals in jeopardy.

Michael Galvis contributed to the reporting for this article.