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Whether we recognize it or not, we have to admit times are changing!!! Retirement planning needs to be more polished than what our elders did during their time. Building the right financial foundation will help address the retirement concerns. Is your financial foundation properly set-up? If you are not sure, please consult a Certified Financial Advisor or Planner.
Planning for retirement is tough enough these days; living in retirement can be even tougher. That's why it's important to avoid being misled by the growing number of myths surrounding the difficult job of preparing for and living in a financially comfortable retirement.
Bankrate spoke to several financial professionals to get their perspective on those old chestnuts about retirement.
- $1 million will be enough
- You'll spend less money after you retire
- Social Security will take care of you
- Put all your money in bonds and CDs
- College education should be top savings priority
- Medicare is all you need in retirement
- 4 percent is a safe withdrawal rate
http://finance.yahoo.com/retirement/article/113776/retirement-planning-myths-bankrate?mod=retire-planning
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