FYI: When it comes to retirement, many people think that what was true for their parents and grandparents still holds true today.
You may have seen your grandfather retire at age 62, collect a pension and Social Security for a dozen or so years, and think this scenario will be feasible for your own retirement. Or perhaps your Depression-era grandmother refused to give up her frugal ways despite having ample savings and chose to live out the rest of her life without ever enjoying a penny of what she’d scrimped and saved.
But retirees or near-retirees who are stuck in the past could be making grave mistakes that could ultimately cost them their long-term security.
Regards,
Ted
https://www.barrons.com/articles/retirement-myths-debunked-51566566774?refsec=financial-planning
