Unpack Your Financial Baggage: How to Battle the Misconceptions of Retirement Planning

Tens of millions of people are stampeding into re­tirement on their last major financial run expecting a retirement lifestyle of independence and dignity. Unfortunately, they are following a leader off a financial cliff, due to the traditions and habits that have led to a misunderstanding of long-term planning-not to mention the prehistoric cognitive bias that is tugging at their behavior.

In this case, the leader is not a person, but an archaic set of principles and practices hauled around ...