Five Misconceptions About Retirement

Myths and reality when it comes to your retirement

by Lisa Taranto Schiffer and Emily Novick of Tegra Financial Partners, a subsidiary of Habif, Arogeti, & Wynne, LLP

January 23, 2008

Soon, baby boomers will start leaving the workforce permanently, so retirement isn't just something to prepare for anymore; it's about to become a reality. Atlanta Woman magazine wanted to bring you a few misconceptions about retirement. We askedLisa Taranto Schiffer and Emily Novick of Tegra Financial Partners,  a firm that provides individuals  and business owners with comprehensive financial planning and asset management, to tell you what, in their eyes, is a myth and what's a reality when it comes to your retirement.

	Myth 1: In retirement, my expenses will decrease and I will not need as much income as I do now.
	Myth 2: Cash is always a safe way to preserve wealth.
	Myth 3: The Dow Jones Industrial Average is down, therefore my investment accounts must be down.  The sky is falling!
	Myth 4: International Investing is only appropriate for investors who have a high tolerance for risk.
	Myth 5: I do not need to buy Long-term care insurance; my family will take care of me.