Most Common Retirement Misinformation
Many people see retirement plans as insurmountable obstacles of investment algorithms and interest formulas. For this reason it is entirely too easy to fall in to pitfalls of commonly regurgitated misinformation. Many of the facts and guidelines making the rounds are dated and less than optimal for today’s market. Many times, those looking in to retirement options hear through the grapevine that they should aim for certain target numbers in their retirement savings, or how much they can safely live off of after they are done working. The truth of the matter is that it is different for everyone, thusly everyone needs a personalized plan, there is no “one size fits all” guide to retirement. Jeff Rose expands on this topic in his article at the Huffington Post.