3 Dangerous Misconceptions That Could Ruin Americans' Retirement

3 Dangerous Misconceptions That Could Ruin Americans' Retirement

Retirement planning is a complicated process, but an important one. According to Fidelity's study on the 2021 State of Retirement Planning, around half of survey respondents believe they'll need five times their final salary or less in the bank in order to be ready for retirement. This is a major underestimate, as most experts recommend having 10 to 12 times your final salary invested before leaving the workforce.