These 4 Rules of Thumb Can Screw Up Your Retirement

Rules of thumb are often partly true—but the part that's wrong can wreck your portfolio. Here's what you need to know.

Retirement planning can get complicated, so we often fall back on rules of thumb, or “heuristics” as economists call them. That approach may work sometimes—and is certainly better than doing nothing—but it can be dangerous too. Here’s what you need to know about four largely-but-not-completely true tenets of retirement planning.

Continue reading source article at Time.com. 

Damian Sylvia

Managing Partner

Retirement Income Solutions