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7 Myths About Finances in Retirement

April 27, 2018

From the U.S. News & World Report website

In many ways, retirement is unknown territory. After spending several decades in the workforce, bringing in income and saving for the future, you now need to spend and manage that money.

Stepping into this new phase of life sparks change for your finances and lifestyle. “It is hard to grasp the concept of not having that paycheck to receive every other week,” says Dawn-Marie Joseph, president and founder of Estate Planning & Preservation in Williamston, Michigan.

For most individuals, regardless of the time and energy you’ve spent planning for this period, there will still be some surprises once you enter retirement. Here are some of the most common financial myths about retirement, as well as the truths and realities behind them.

From → Finance

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