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
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