Retirement News : Seniors : The seven common myths of retirement

The seven common myths of retirement

Date Added: 31-08-2005

Retirement has generally been seen as a period of growing older, the end of work, and living off one's savings.  In the article below, lamonitor.com - The Online News Source for Los Alamos explains why these concepts are rapidly changing.

Wednesday, August 31, 2005

Headline News - lamonitor.com

The seven common myths of retirement

Robert J. Joseph, Special to the Monitor

In the past, pensions and Social Security benefits were considered to be the cornerstones of retirement funding.

These days, with fewer retirement benefits to look forward to, individuals have to take more responsibility when planning for retirement.

This means more than contributing to a qualified retirement plan at work and careful long-term investing.

You need to establish a goal that takes into account the retirement lifestyle you wish to enjoy, and determine how much you will have to save to fund that lifestyle.

The problem is, not only are many individuals unaware of all variables that must be considered, many are led astray by misconceptions.

The following are seven common myths about retirement that could lead you down the wrong path.

For More Information:

http://www.lamonitor.com/articles/2005/08/29/headline_news/news13.txt