3 Retirement "Rules of Thumb" That Are Probably Wrong

Making decisions on retirement can be overwhelming, but certain "rules of thumb" have become so widely quoted that they're often accepted as gospel. These basic "truths" about retirement may guide your efforts to save for retirement and may impact the ways you use your retirement savings. Since they're so widely repeated and considered conventional wisdom, it must be safe to rely on these basic rules when making important decisions, right?

Unfortunately, like much "common knowledge" often proved wrong as more information becomes available and as circumstances change, some of the most basic and widely accepted rules for retirement may actually be very wrong. And, these "rules" can be wrong in ways that make it difficult to build a big enough nest egg and make it last.

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Source: Fool.com