April Fool’s: Beliefs That Fool Retirement Savers The Most

April Fool’s Day is all about jokes and pranks, but when it comes to retirement planning, getting fooled can cost you real money. Today, we’re uncovering the beliefs that fool retirees and pre-retirees into making bad financial moves. We’ll cover some of the most common myths that can derail your retirement plans and explain why they might not be as true as they seem.

Here are some of the common beliefs we discuss on today’s show:

• “Guaranteed” high returns are easily attained
• You better claim Social Security ASAP before it runs out
• Underestimating the “tax time bomb”
• The 4% rule makes retirement planning easy
• Assuming that your children will “just take care of you”

 

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