Savings and retirement myths and realities

You may be surprised to find out about some retirement savings myths that could be stopping you from saving to your full potential. Get a snapshot of some myths you should bust now.

For example:

Myth: Cutting out little things won't make a difference.

Reality: It all adds up. For example, if you cut out just a $4 cup of coffee every day for a year and saved that money instead, after 10 years with a 5% return on investment, you'd have over $18,700. Use our Small Change, Big Savings tool to learn how cutting back a little can save you thousands of dollars.

Whether you're starting your savings journey or in your golden savings years, take a moment to explore these myths. Even better, challenge them with the realities and resources you can use and overcome any obstacles.

Get real help with your savings strategy. Connect virtually with your MissionSquare Retirement Plans Specialist.

Please note: The contents of this publication provided by MissionSquare Retirement is general information regarding your retirement benefits. It is not intended to provide you with or substitute for specific legal, tax, or investment advice. You may want to consult with your legal, tax, or investment advisor to review your own personal situation. Some of the products, services, or funds detailed in this publication may not be available in your plan. This document may contain information obtained from outside sources and it may reference external websites. While we believe this information to be reliable, we cannot guarantee its complete accuracy. In addition, rules and laws can change frequently.

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