When it comes to managing your money, you should never write down a plan and assume that it will always work. Financial best practices change, and your retirement plan should too. Unfortunately, many people (even financial advisors) rely on outdated retirement strategies that have since been discredited. In the long run, following these pieces of advice can derail your long-term goals. It could even cost you your security during your golden years. That said, if you are planning for retirement, make sure these seven things aren’t involved in your strategy.
