How Much Is Too Much When It Comes to Retirement Savings? WSOC TV [Video]

When it comes to money, there are two prominent groups.

One group says tomorrow is not guaranteed. That you should live for today. Why save when you may not even be around to use the money? (Of course that group risks being impoverished, especially later in life.)

Another group glorifies delayed gratification. Why enjoy today when you can reap the rewards of compound interest years or decades later? (This group risks becoming obsessed with how much their portfolio is worth and may fail to stop and smell the roses along the way.)

Generally speaking, saving for retirement is a huge priority. And living on less than you make should be a virtual requirement. Those things are financially responsible ideas that require discipline. Sounds good, right?

In any case, following a specific philosophy without ever questioning if there’s such a thing as too extreme seems unwise.