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7 retirement-planning myths to dispel

Dispel retirement rumors
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Dispel retirement rumors

Planning for retirement is tough enough these days; living in retirement can be even tougher. That's why it's important to avoid being misled by the growing number of myths surrounding the difficult job of preparing for and living in a financially comfortable retirement.

Bankrate spoke to several financial professionals to get their perspective on those old chestnuts about retirement.


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African Americans earn less, save less and support extended families, making retirement planning more difficult.
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