Are Clients Saving ”Too Much” For Retirement?

We’ve all heard the phrase, “too much of a good thing.” Is there such a thing as saving “too much” for retirement? If you’re still working, it’s helpful to figure out how much you really need for the future. Have a plan that considers what your retirement income sources will be as well as what expenses you may face. There are some expenses that are reduced or eliminated altogether in retirement. On the other hand, don’t forget about added costs like inflation or health care costs.  

 

Here’s what you’ll learn on today’s show:

• Are clients saving too much for retirement? (3:31)
• How much is enough? (6:49)
• What else do you need to consider? (8:36)
• Expenses become the key driver for what to save. (10:15)

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.