Are you suffering from common misconceptions about retirement planning?
1. It’s too early to start saving for retirement.
2. I’ll need about 80% of my current income in retirement.
3. I won’t see a dime from Social Security.
4. If I contribute to a retirement plan, my money will be all tied up.
5. I should automatically roll my retirement plans into an IRA when I leave a company.
6. I can’t contribute to an IRA because I have a retirement plan at work.
7. My income is too high to put money in a Roth IRA.
8. My tax rate will be the same in retirement so I don’t get any benefit from tax-deferral.
9. I can be well-diversified by just spreading money around all the options in my retirement plan.
10. I should invest my retirement account in the top-performing funds.
Check out the advice of Erik Carter, JD, CFP® at