The article from Yahoo Finance highlights the hidden risks of not planning adequately for retirement, emphasizing three dangerous assumptions: that individuals can work indefinitely, that Social Security will suffice, and that expenses will drop significantly in retirement. These beliefs often ignore critical factors like unexpected health issues, inflation, and increased longevity. Experts urge proactive retirement planning to avoid financial strain later in life. Notably, Kelly Augspurger, CLTC®, a Certified Long-Term Care instructor, was quoted in the piece, lending professional insight to the conversation around long-term care preparedness.
Read the article on Yahoo Finance:Dangerous Assumptions You Should Not Make When Planning for Retirement
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