The other day I ran across an article on Yahoo entitled 10 Myths of Retirement. As I read the words it hit home as addressing many excuses I hear from many people....especially my kids ! The Myths are as followed.
1. You don't make enough money to save for retirement.
2. You need a large income to become wealthy.
3. You will earn 11 percent in the stock market every year.
4. Your money is safer out of the market.
5. You can do better by investing on your own.
6. You need to be debt free before you can invest for retirement.
7. A 401(k) is the best place to invest for retirement.
8. Social Security benefits will be enough to retire on.
9. You have to retire at age ___.
10. You won't ever be able to afford to retire.
I hope this will also reach others because we all need to avoid falling into these traps. I also encourage everyone to read the actual article on Yahoo which gives additional explanation on each myth.
Note: If you have a facebook account share it with all your friends...and their friends...........its that important !!!
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