Here's an excerpt from a really interesting article from Yahoo Finance about how you can ruin your retirement savings.
If 50 is the new 30, then 80 must be the new 60. Good thing, because otherwise a lot of people won't be retiring before they draw their last breath.
Last year Bankrate's Financial Literacy survey found that one in five people expect to work until they die. This year one in five people say they're afraid they'll never be able to retire. It's true; we asked the same question two different ways, and the results are unsettlingly identical.
At this rate, the competition for greeting jobs at Wal-Mart will be as fierce as the struggle to get into Harvard.
For the dedicated workers who aspire to devote their entire lives to propelling the economy forward with their unceasing toil, the dream of not retiring can be achieved in any number of ways. We came up with eight.
click here for the full article
by Rob Wildhack
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