15 money myths that can destroy your retirement

3 Mistakes That Could Ruin Your Retirement
3 Mistakes That Could Ruin Your Retirement

Many Americans are on track to fall short of meeting conservative retirement savings targets. In fact, 45 percent of working-age households do not have money saved in retirement accounts, according to a report by the National Institute on Retirement Security.

If you're one of them, or simply don't think you have enough money saved up to live your American Dream comfortably after you stop working, it might be time to revisit some of your beliefs about saving money and investing.

From postponing savings contributions, to assuming you'll be fully covered by health insurance and Social Security, you'll want to change some of your beliefs about money immediately — or risk jeopardizing your retirement savings. Find out the biggest retirement mistakes you're making that are actually myths.

This article originally appeared on GOBankingRates.com: 15 Money Myths That Can Destroy Your Retirement

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