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Common Financial Myths

  • "My money only needs to keep pace with inflation."
  • "I will be in a lower income income tax bracket at retirement."
  • "My 401(k) plan creates a tax savings, which can be spent or invested."
  • "Compounding interest creates a financial miracle."
  • "I won't need life insurance when I retire."
  • "A 15 year mortgage costs less than a 30 year mortgage."
  • "Disinvesting is the same as investing."
  • "Rate of return on my assets is more important than regular savings habits."
  • "To increase protection, my cash flow will suffer."
Guardian Life
Living Balance Sheet

The Living Balance Sheet® and logo are registered trademarks of The Guardian Life Insurance Company of America, New York, NY.