02/10/2015 01:40 pm ET Updated Feb 10, 2015

5 Harmful Retirement Misconceptions To Avoid

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When you plan for retirement, an exciting new phase of life, double-check your expectations. They may not match the reality.

Baby boomers, currently in their 50s and 60s, view retirement differently than the previous generations. Many boomers consider retirement as an opportunity to begin a new career, hobby or passion, which is a good thing. But the upcoming retirees may not take everything into account.

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