Dealing with retirement misconceptions
Many folks looking ahead to their retirement years tend to rely on “traditional” thinking to set their goals. Unfortunately, as Forbes contributor Elle Kaplan points out, these traditional guidance mechanisms can lead to problems when they don’t fit your individual circumstances closely enough. For example, assuming you’ll be able to work as long as necessary to compensate for a cash shortfall may not be doable for several reasons.
In any event, it’s important that the rules you’re following in planning your retirement finances be thoroughly examined to ensure that they fit your situation correctly. Ms. Kaplan examines five of the most prevalent myths (one of which is the disappearance of Social Security benefits) and explains how they could harm your financial future. Read her post here…
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