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15 Money Myths That Can Destroy Your Retirement

GOBankingRates Logo By Debbie Anderson of GOBankingRates | Slide 1 of 16: According to a 2019 GOBankingRates survey, 64% of Americans will retire broke. Furthermore, the annual Retirement Savings survey found that 46% of respondents had $0 tucked away for their golden years. If you’re late to the retirement savings game, or simply don’t think you have enough money saved up to live your American Dream comfortably after you stop working, it may be time to revisit some of your beliefs about saving money and investing. From postponing savings contributions to assuming health insurance and Social Security will have you covered, you’ll want to change some of your beliefs about money immediately — or risk jeopardizing your retirement savings. Find out the biggest retirement mistakes you’re making that are actually myths. Last updated: Nov. 25, 2020

According to a 2019 GOBankingRates survey, 64% of Americans will retire broke. Furthermore, the annual Retirement Savings survey found that 46% of respondents had $0 tucked away for their golden years.

If you’re late to the retirement savings game, or simply don’t think you have enough money saved up to live your American Dream comfortably after you stop working, it may be time to revisit some of your beliefs about saving money and investing. From postponing savings contributions to assuming health insurance and Social Security will have you covered, you’ll want to change some of your beliefs about money immediately — or risk jeopardizing your retirement savings.

Find out the biggest retirement mistakes you’re making that are actually myths.

Last updated: Nov. 25, 2020

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