01/24/2014 10:36 am ET Updated Jan 24, 2014

10 Retirement Misconceptions That Could Derail Your Golden Years

Amanda Rohde via Getty Images

When you think about your retirement, what picture pops into your head?

Is it a vision of you relaxing on a catamaran in the middle of the Pacific? Or do you see yourself hunched over a computer, working a nine-to-five gig because you can’t afford to quit for good?

It’s no secret that we are facing a retirement crisis. The National Institute on Retirement Security estimates that Americans are at least $6.8 trillion short of what we need to fund comfortable retirements. Baby boomers, who are retiring at the rate of 10,000 a day, find themselves particularly unprepared, with a median of $120,000 saved—not nearly enough to sustain a 30-plus year retirement.

Read more on Forbes