Comments on: Are You Saving Too Much for Retirement? Vanguard Responds. http://blog.adamnash.com/2007/06/26/are-you-saving-too-much-for-retirement-vanguard-responds/ The personal blog of Adam Nash Wed, 15 Feb 2012 02:29:16 +0000 hourly 1 http://wordpress.com/ By: Ricky http://blog.adamnash.com/2007/06/26/are-you-saving-too-much-for-retirement-vanguard-responds/#comment-9982 Tue, 26 Jun 2007 23:01:35 +0000 http://psychohistory.wordpress.com/2007/06/26/are-you-saving-too-much-for-retirement-vanguard-responds/#comment-9982 The idea of over-saving is strange. Compared to some countries where they make much less and still manage to save 40%. The “worst case” scenario of over-saving for retirement is that you can leave money for your future generation or causes. I suppose the inheritance tax would suck up a bunch of the amount but that it’s also manageable.

When I started working, I was able to put away 30% of income into retirement. Now that I have a house and family, I’m more like 5 to 10% of income. Luckily, my initial “over-saving” has grown and making up for the less now.

I think everyone should save as much as they can for retirement whenever they can. Because you never now when you can’t save any more.

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