Overly saving?

Question

Can you be overly saving for retirement?

Answer

I'd say only if you're going broke to save

Answer

The only way I could see you over saving is if current bills aren't being paid. If it's just extra money you're putting away, then save as much as you like. Then you can spend retirement doing anything you'd like

Answer

Only if you’re going into debt now to fund retirement later. That’s a bad idea.

Answer

Short answer is no. People are living longer than ever and health care can be costly. That being said, if you have more than enough and some but aren't doing anything with your youth then it might be okay to scale back. It deoends on a persons priorities though. Once DH and are set financially, we wil make sure our children and grandchildren will inherit as well.

Overly saving?

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