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!
In this episode, you’ll learn:
- The current savings rate of the average American
- How to tell if you’re a miser or a Financial Mutant
- Why we suggest saving 25% of your gross income for retirement