Planning for retirement can be challenging, and not everything you've heard is necessarily true. Corebridge Financial has taken the confusion out of retirement so you can make the most out of your money.
Myth 1: I need a specific amount of money saved to retire. Truth is, there's no one right savings number.
Myth 2: Medicare will cover all my healthcare costs in retirement. Fact is, Medicare doesn't cover most long-term care needs, such as assisted living or extended nursing home stays.
Myth 3: My expenses will likely increase during retirement. Truth is, research shows that retirement spending generally declines as retirees move through retirement's three stages: The "go-go" years, the "slow-go" years, and the "no-go" years.
Myth 4: I can simply use the 4% rule for generating income from my investments. Fact is, traditional rules for generating income from retirement assets, like the 4% rule, may not be as safe as they once were.
To learn more about the myths of retirement and you can create a plan to last a lifetime, talk to your financial professional and develop an income strategy that works for you.
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About Corebridge Financial: Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures.
