This Common Advice for Saving for Retirement Is the Absolute Worst
There's a reason workers are advised to sock money away for retirement. Existing on Social Security alone generally means taking a massive pay cut. And most seniors need more than just those benefits to maintain a decent standard of living.
But while urging workers to save for retirement is a good and necessary thing, some financial experts take it too far. And there's one particular piece of advice that has the potential to be truly detrimental.
Have you ever heard that skipping store-bought coffee could lead to a luxury retirement? If so, you're not alone.
Source Fool.com
