This article was written by Darrow advisor Kristin McKenna, CFP® and originally published by Forbes
Considering a Google search for “retirement” produces 1.4 billion results, it should not be a surprise to learn that there’s an overwhelming amount of incomplete or incorrect information on the Internet purported as fact. The truth is that there’s rarely a one-size-fits-all answer to personal finance questions. Even guidance that applies to most Americans today will have several notable exceptions…all of which are almost certainly going to change, even over a few years.
While some retirement planning questions are known to be situational, there are others that are too commonly taken to be fact. Here are six such retirement planning myths that need to be debunked.
Myth #1: Before you can retire, you need to have at least $___ saved