3 Signs You're Saving TOO MUCH For Retirement!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 1 October 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s hard to believe, but we’ve seen it happen - retirement savings CAN become too much of a good thing. We suggest investing 20-25% of your gross income towards the future. Saving more to hit your retirement goals can be even better! So, how do you know when you’ve crossed the threshold from healthy “Financial Mutant” to “chronic over-saver?” Let’s unpack how to do retirement savings right, setting yourself up for a solid financial future while still enjoying today! For more information, visit: https://www.moneyguy.com/2021/10/3-signs-youre-saving-too-much-for-retirement/ Subscribe on YouTube! Download FREE Financial Resources from the show Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Three Sons, you're saving too much for retirement.
0:02.9	It's Brian Preston, the money guy.
0:05.8	Restoring order to your financial chaos.
0:08.8	Retirement.
0:09.7	Investing.
0:10.7	Taxing.
0:11.6	You've got financial questions.
0:13.3	He's got financial answers.
0:15.2	It's Brian Preston, the money guy.
0:18.6	Yeah, Brian, I'm super excited about this show,
0:20.7	because one of the things that we always talk about with folks,
0:23.5	or at least one of the things people always think we're going to talk about is
0:26.1	you should be saving more money.
0:27.3	You should be saving more money.
0:28.5	It's time to save more, time to get serious,
0:30.2	time to start putting it away.
0:31.2	Start now, start now, start now.
0:33.3	But there is another side of that coin.
0:36.3	There are folks and maybe need to have a recalibration about what they're doing
0:40.4	and why they're doing it and how they're doing it.
0:42.6	And that's kind of what we're going to talk a little bit about today.
0:45.1	There is such thing as too much of a good thing.
	...

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