Here, from Consumer Reports, are common mistakes that can each cost you $1,000,000 – and advice on how to avoid them:

¢ Investing too conservatively during retirement. Instead of parking too much of your assets in bonds, invest in an asset mix that leaves enough room for Standard & Poor’s 500 stock index.

¢ Launching a divorce war. A full courtroom showdown can easily cost $250,000. Try to soften the financial impact by using a lower-cost mediation option.

¢ Underinsuring your home. Ask your insurer to reassess your home’s replacement cost and adjust coverage accordingly.

¢ Overpaying for your mortgage. The annual percentage rates on mortgages in a given area can vary by close to a percentage point. Shop for the best rate by checking local banks, your credit union, big-lender Web sites and mortgage-related sites such as www.hsh.com.

¢ Maintaining an unhealthy lifestyle. Before you apply for life insurance, consult your doctor about the best way to get your health status in line with the “preferred plus” underwriting requirements.