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Myth-Busting Time: Three Persistent Illusions

Anyone looking ahead at their retirement financing needs to do some careful planning, and this should include taking a serious look at some of the long-standing folklore that can cause problems down the road. For example, there’s the false assumption that Social Security benefits will be adequate to support a comfortable lifestyle. Then’s there myth that all you need is one million dollars of liquidity and you’re all set. Then there’s the belief that Medicare will cover all your medical costs. There are probably more you can think of, but The Motley Fool’s Maurie Backman narrows the field down to three key assumptions, and presents them in this post The Mcdowell News business page. Read it here…

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