3 Money Truths You Must Know About Retirement. 1 Action To Take Now

You hold assumptions about money and retirement. Some of them are wrong

Retirement is like a foreign country we’ve never been to. We have no direct experience with it and end up with some unexamined assumptions. This is dangerous because it can lead to foolish decisions about what we do with our money and time now.

So here are three money truths to help you.

But they are not what you think. It’s not the usual you need to save loads for your retirement, because that might not be true.

Money Truth 1: You’ll spend less than you think in your retirement

Most of the messages I hear about money and retirement are scare stories about how I need to save more. That I’ll not have enough. That retirement was a key time to enjoy my life.

But is this true?

Think about how your life will be when you are 70, 80, or 90?

The reality is that after your first decade, you’ll be spending a lot less in retirement than you think. You’ll have lost interest in fancy new gadgets or the latest fashion. You are unlikely to have the energy for wild exciting holidays by the time you hit your…