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Several financial myths that could do you more harm than good if followed blindly include:

📌 Live off income without touching the principal: Relying solely on income from bonds can expose you to inflation risks. Instead, diversify!

📌 Get cash flow only from bond interest and stock dividends: This strategy can lead to higher taxes. Therefore, focusing on portfolio appreciation can reduce your tax burden.

📌 Hold bonds equal to your age: With longer life spans, this rule may leave you vulnerable to inflation. Investment allocations should match your personal needs and risk tolerance.

📌 Limit withdrawals to 4-5 percent annually: There's no universal safe withdrawal rate. Spending more in your early retirement years might be reasonable if expenses decrease over time.