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I have a seven-figure nest egg — am I saving too much for retirement?

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I recently had a conversation with a colleague about retirement and was told I’m saving too much! My wife and I are both 57 and have been aggressive savers ever since my brother, an institutional retirement financial expert, told us to max out our savings when we were 25 years old. As a result, we have saved 25-30% of our income and invested aggressively over the years. We have a very healthy nest egg in the low- to mid-seven figures and no debt other than our home, which is very low interest and will be paid off before retirement. Our children have no student debt. My colleague says we are “postponing” our lives and creating tax problems for when we retire. We have never felt like…



Source marketwatch.com

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