Pattie Lovett-Reid: The biggest myths that could be hurting your retirement [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
Pattie Lovett-Reid: The biggest myths that could be hurting your retirement For decades, financial institutions have used scare tactics highlighting fears of outliving your money. It often falls on deaf ears though, and as a result, we have become a little hesitant to reach out and ask for help. Sadly, had we paid attention years ago we might be in a different financial situation today. The message may have been right but the delivery at times can be hard to swallow: Save today or risk compromising your lifestyle tomorrow. IS TIME ON YOUR SIDE? Had we paid attention, in a perfect world you would have started to save for retirement in your 30s. With time on your side, you could have been a little more aggressive with your portfolio holdings especially before financial demands such as marriage or having children, kicked into gear. In fact, you might even have been in a position to put more aside, recognizing it might be harder to do down the road. This would have allowed time and comp
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