Certified financial planner Jill Schlesinger has seen smart people make some pretty spectacular money mistakes.

One client who repeatedly refused to buy disability insurance later developed multiple sclerosis. A doctor she knew put off writing a will and left behind a six-figure tax bill. A technology company engineer balked at her suggestion to sell some of his stock options, only to watch their value and his retirement plans evaporate when the market plunged.

Schlesinger, a CBS News business analyst and author of “The Dumb Things Smart People Do With Their Money, ” admits to financial missteps as well, including waiting for “just the right moment” to invest and missing a big jump in the stock market.

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Money mistakes even smart people make


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