Myth: You don't have to start saving for retirement until age 40.
Truth: The sooner you start saving and investing, the better.
Myth: Only rich people get tax breaks.
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Truth: The tax code offers savings for middle- and working-class taxpayers for starting a family, education, home buying and retirement saving.
Myth: Gold is the best investment you can make.
Truth: A diversified portfolio will shine brighter.
Myth: Social Security won't be around when you retire.
Truth: It will evaporate by 2034 if nothing changes, but incoming money from payroll taxes will still be enough to support about 75% of promised benefits.
Myth: Free trade deals are bad for America.
Truth: Trade and international commerce creates as many (if not more) higher-paying jobs, especially in the services industries, as it destroys.
Myth: Tapping your 401(k) is a great way to borrow money.
Truth: The hit to your nest egg may be greater -- and last longer -- than you think.
Myth: Credit cards are best to be avoided.
Truth: Used smartly, a credit card will help you build a solid credit history and boost your credit score.
Myth: Only rich people need a will.
Truth: Everybody should have a will, even if only to spell out funeral and burial wishes.
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