12 Retirement Myths That Can Convert Your Golden Years Into Lead

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Wouldn’t it be nice if retirement planning was as simple as funding your 401(k) and letting Social Security take care of the rest? I have news for you… it usually doesn’t work that way.

There are so many myths and dangerous half-truths about retirement planning repeated with such regularity that people start to believe they are true. For example, maybe you believe the conventional retirement planning wisdom that you only need 70% of your pre-retirement income, or you only need to save enough to cover 10-20 years in retirement? Maybe you’ve budgeted your financial future around average market returns or the safety of an all bond/cash portfolio? If you are a victim to any of these myths and dangerous half truths then it is important you read this new “Top 50 Article” explaining the 12 Retirement Planning Myths That Can Convert Your Golden Years Into Lead.

It provides insights and solutions to the following 12 retirement myths that you might have mistakenly taken as truths…

1. It will be easier to save for retirement later in my career after I’ve paid for ( house, college, etc. )….
2. My company or government will take care of my retirement.
3. I will inherit enough money to cover my retirement.
4. My spouse has our retirement needs handled.
5. My company and Medicare will take care of my health insurance needs during retirement.
6. I only need 70%-80% of my pre-retirement income during retirement.
7. Invest in “super safe” bonds and CDs to lower risk and preserve capital during retirement.
8. Retirement means I will no longer work.
9. Retirement begins at age 65.
10. My expected lifespan is 75-85 years.
11. My investment portfolio should perform consistent with long-term historical averages.
12. I will be in a lower tax bracket when I retire.
13. Extra Bonus – Retirement planning is all about the money.

If you mistakenly subscribe to any of these myths then you owe it to yourself to get the complete story by reading this new article 12 Retirement Planning Myths That Can Convert Your Golden Years Into Lead.

I hope you enjoy this new article, and please share your thoughts in the comments section below. I want to hear from you…

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