Who Wants to be a Millionaire?
Do You Believe These Retirement Myths?
Social Security will be enough for me.
Social Security is meeting a smaller percentage of most retirees’ financial needs than in the past. According to a study in the year 2000 by the Social Security Administration, Social Security provides only 38% of the total income of those age 65 or older.
I won’t need much when I retire.
Older people are generally in better health than ever before. Many retirees have very active lifestyles — and need the money to pay for them. So while some expenses (such as commuting costs) will go down in retirement, others (like travel and entertainment) might go up.
I’ll only be retired a short time.
People are living longer these days. And they’re retiring earlier. As a result, your retirement may last almost as long as your working years. Most people should plan to have a retirement income that will last at least 15 years, and probably more.
I’ve got plenty of time to save for retirement.
Most people underestimate how much they’ll need to save to provide an adequate retirement income. The earlier you start to save, the less you’ll have to save each month to accumulate the amount of money you’ll need.
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS
Matson Money, Inc. “Matson” is a federally registered investment advisor which has been in business since 1991. This presentation is based on the views of Matson Money, Inc. Other persons may analyze investments and the approach to investing from a different perspective than that reflected in this presentation. Nothing included herein is intended to infer that the approach to investing espoused in this presentation will assure any particular investment results.
All of Matson Money’s advisory services are marketed almost exclusively by either solicitors or co-advisors (“Referrers”). Referrers are either unaffiliated separately registered investment advisors, or registered representatives and/or investment advisor representatives of unaffiliated dual registrant brokerage firms. Matson is not affiliated with the Referrers or the firms with which they are associated. Each co-advisor enters into a contractual agreement to serve as a non-discretionary co-advisor with respect to clients referred by the co-advisor to Matson. Solicitors typically do not enter into investment management agreement with clients. Both co-advisors and solicitors have similar responsibilities including solicitation and referral of clients, and client coaching, including maintaining suitability information, routine service issues, and relationship management. All co-advisors and solicitors are independent contractors, not employees or agents of Matson.
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