, Columnist
Yes, You Can Save Too Much for Retirement
By all means, put some money away if you can, but don’t be so overextended that you can’t afford anything that brings you joy.
Not all of them need to go to your retirement.
Photographer: Scott Eells/Bloomberg
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A young colleague came to me recently with a shameful admission: Despite the lecturing of her friends and family, as well as her own best intentions, she had not yet signed up for the company 401(k) plan. She lives in an expensive city, and is nervous about tying up her money for the next 40 or 50 years.
Like any good retirement economist, I insisted she enroll immediately. I’ll help, I said. It will be fun.