“When rolling over an old retirement account, don’t assume that your new plan can receive funds from your old plan,” said Charles Pastor, a certified financial planner and contributing expert at The Motley Fool. “Not all plans are created equal, so confirm with your new plan administrator whether your old accounts are eligible to be rolled over.”

"I think there's a lot of emotion related to this widespread embracing of financial literacy," Charlie Pastor, a contributing expert at The Motley Fool's Ascent service, said. But FOMO-driven investing or blindly following the advice of finfluencers, Pastor said, can lead to a poor investment strategy.

Charlie Pastor, certified financial planner and contributing expert at The Motley Fool Ascent, cautions, “Private insurance coverage can be prohibitively expensive, especially for those with pre-existing conditions.”