Many myths may be relatively innocuous, but when you are making retirement-planning decisions based on myths the consequences can be dire. As such, today’s article identifies five “pervasive retirement myths Americans must stop believing” and seeks to counter them with a dose of reality. What do the majority of studies say about whether spending increases or decreases in retirement? Is the oft-cited 80% replacement rate for pre-retirement income too little? Or too much? Is Social Security sufficient to live off of in retirement? For that matter, will Social Security even be solvent much longer? To find out what’s myth and what’s fact in regards to these retirement matters and more, CLICK HERE.