October 4, 2018

Avoid "Retire Rich" sales pitches

Kim Blanton write for The Squared Away Blog (one of my favorite resources):
"Many Americans approach retirement planning with dread – hardly surprising, given that only about half of working-age adults are on track to have sufficient savings to retire in the lifestyle they’ve grown accustomed to while working.

But there purports to be an easier way – and it’s on YouTube. Googling “retirement” turns up all kinds of outlandish promises of nirvana for regular folks.  Examples of YouTube titles are: “Retire Young. Retire Rich.” “Guaranteed Ways to Retire Rich.” “How to Retire in 10 Years – Much Easier Than You Think.” You get the picture.

Don’t be fooled. In a 401(k) world, what workers need is determination, planning, and persistence to ensure they’ll be prepared for old age.  YouTube offers only magic bullets."

Read more on Kim 's blog post: http://squaredawayblog.bc.edu/squared-away/retire-rich-dont-believe-this-sales-pitch/

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