“In a world where most people aren’t saving enough, is it possible you’re actually putting away too much for your retirement?” Today’s article puts this question to David Blanchett, head of retirement research for Morningstar Investment Management, who argues “It’s not that you don’t need to be saving, but if you’re forgoing enjoyment in your life now because you feel pressured to save millions of dollars for retirement, you might want to rethink your plan.” Why does Blanchett believe that the “replacement rate” model for figuring out how much you need to save for retirement makes less sense as you get closer to retirement? What action does he recommend taking instead? CLICK HERE to read more.
