Are You Actually Saving Too Much for Retirement?
I was talking to a friend of mine recently who explained that he just isn't interested in socking money away for retirement -- so much so that he's nearing his mid-40s with only a few thousand dollars saved. His logic is that he's alive and healthy now, but who knows how long he'll live or whether he'll be able to get out and about as a senior? As such, he'd rather spend his money enjoying life in his 40s than worry about paying bills in his 60s and beyond.
I happen to think that his approach to retirement is pretty reckless. And trust me when I say that I tried imploring him to start prioritizing retirement savings to some degree or otherwise risk being truly cash-strapped later in life.
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Source Fool.com
