Why You Might Be Saving Too Much for Retirement

As I approached the final life-cycle stage of retirement, I naturally began to think back to the retirement of my parents and marveled about how well they did without much retirement income.
With little more than 40% or 50% of their pre-retirement income, largely from Social Security, they lived well and even managed to multiply their net worth in retirement. This seemed to fly in the face of much of the fear promoted by the financial services industry that retirement isn't possible unless people could generate 75% or even more of what they earned in their last years of work.
Something didn't jibe.

This post was published at Market Watch

 

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