3 Dangerous Retirement Assumptions That Could Hurt You
In the course of planning for retirement, you may be inclined to make certain assumptions that dictate how much you should save for that milestone. But these three assumptions, in particular, could prove quite problematic in the long run.
Many people plan to retire at a specific age or age range. For example, if you were born in 1960 or later, you may decide to leave the workforce at age 67 because that's considered full retirement age for Social Security purposes.
But one thing you may not realize is that not everyone gets to retire on the schedule they set. In fact, an estimated 48% of workers wind up retiring earlier than planned, according to the Employee Benefit Research Institute, and if you wind up being one of them, it could wreck your senior years.
Source Fool.com
