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5 ill-conceived pieces of retirement advice

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Retirement advice often comes across as time-honored gems that must be followed. The fact is, the advice doesn’t apply to everyone. What works for many people may not necessarily work for you.

On the other hand, the conventional wisdom might make perfect sense. Whether or not retirement advice can be classified as good or bad for you really depends on your particular facts and circumstances.

Bankrate presents arguments from the standpoint of the devil’s advocate to help you see the old standards in a new light. If nothing else, this exercise may help induce a healthy dose of skepticism when you hear or read advice that passes itself off as the truth.

Reconsider these potentially ill-conceived retirement solutions.