A few beliefs about retirement seem to persistently buzz around, no matter how much we try to swat them away.
There are a few retirement myths that seem to persistently buzz around, no matter how much we try to swat them away. Today, I’m tackling three of the biggest ones that keep cropping up in my retirement courses and events. It’s time to lay these myths to rest once and for all.For ages, there’s been this overwhelming notion that a million-dollar superannuation is the ticket to a comfy retirement. But let’s set the record straight – this isn’t necessary for most people.
and see whether your current superannuation balance can support the budget you’ve built over your projected lifespan.When people shift into retirement, they can feel gripped by the financial realities of never earning a paycheck again, with many people becoming quite concerned about protecting their capital. Some even consider shifting their entire portfolio to conservative assets. However, completely turning your back on growth assets might not be the smartest move. The reasons are twofold.
And finally, plenty of health and happiness studies have shown that continuing to work can have a positive impact on our bodies, minds and spirit, including driving lower rates of chronic disease and mental health issues. Work can provide a routine, sense of purpose, and opportunities for social interaction, all of which are important for maintaining physical and mental health in later years.
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Three of the biggest retirement myths, bustedA few beliefs about retirement seem to persistently buzz around, no matter how much we try to swat them away.
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