Author - Constance A. Stone, CFP®

The 10 Most Common Financial Planning Myths

The 10 Most Common Financial Planning Myths

After practicing for over 30 years in the financial industry, I decided to expose some common myths that I’ve repeatedly heard over the years.  Here are the top ten:

  1. “I can retire when I save $X dollars.” (How do you know that?  See below for further discussion on this point.)
  2. “Bonds are a safe investment.” (Oh, really? Have you seen what they’ve done lately?)  Bonds have different risks than stocks, but they still have risks.  There’s interest rate risk, inflation risk and risk of default.  As interest rates and inflation rise, bond prices fall.  That means your “principal” or amount
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