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Retirement Thoughts: Exploring Myths vs. Reality
The closer one gets to retirement, the more one notices the myriad levels of advice flying around the media. Many of the suggested “rules of thumb” one encounters are based on long-standing beliefs–myths, in some cases–that may or may not hold water for you. So, before you factor projections like reduced living costs, an extended worklife, or a too-liberal draw-down rate on your 401k, it’s a good idea to take a personal and practical look at how these “standards” fit your situation. USA Today’s Robert Powell, in a post today on www.usatoday.com, provides some sage advice on this topic. Read his post here…