It's too late when you're 60 to find out the assumptions you made at 40 about your money were incorrect - and worse yet, to need to start work again after you've been retired for a few years. As humans, we unconsciously live much our lives based on many assumptions. As a wealth adviser, I deal daily with people who are making huge financial decisions they're not even conscious they're making. These are some of the most common assumptions I see.
