Sometimes, all that diligent saving can actually cause more financial harm than good. Dreamstime/TCABy Donna Fuscaldo From Kiplinger’s Personal FinanceYou’ve saved, saved, and saved some more, and now, you’re nearing retirement and have amassed a fortune in your 401(k) and individual retirement accounts (IRAs). Nonetheless, you keep going, right? You keep on saving until you retire. After all, that’s the golden rule of finance.
Are You Saving Too Much for Retirement? Know These Surprising Downsides
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