Are You Saving Too Much For Retirement?

Are you working tirelessly to build a massive nest egg for retirement? You might be saving too much! Learn how to strike the perfect balance and enjoy the best of both worlds - a comfortable present and a secure future.
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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

[@daveschmarder-1950]

I'd rather save too much for retirement than having to fight with the dog over the last can of Alpo in retirement.

[@andrewroth9175]

I’m so glad I saved too much for retirement, I was able to take advantage of the rule of 55. Now I’m able to pull money from 401k and take withdrawals up to the 12% tax bracket. Also have health insurance from ACA.

[@CalmerThanYouAre1]

What are your ACA premiums like with those 401K withdrawals? Married with kids?

[@andrewroth9175]

Yes, married with 2 kids, one in 2nd year of college, one junior in HS. Have bronze HSA plan 195 per month. Using 401k monies to purchase HSA accounts. Wife and I over 55, 9850.00 per year in HSA, tax deductible as I pull from 401k to fund. Invest HSA, hope to use HSA funds to pay Medicare premiums as we wait to take SS at 70.

[@andrewroth9175]

Yes, married with 2 kids, one in 2nd year of college, one junior in HS. Have bronze HSA plan 195 per month. Using 401k monies to purchase HSA accounts. Wife and I over 55, 9850.00 per year in HSA, tax deductible as I pull from 401k to fund. Invest HSA, hope to use HSA funds to pay Medicare premiums as we wait to take SS at 70.

[@andrewroth9175]

Yes, married with 2 kids, one in 2nd year of college, one junior in HS. Have bronze HSA plan 195 per month. Using 401k monies to purchase HSA accounts. Wife and I over 55, 9850.00 per year in HSA, tax deductible as I pull from 401k to fund. Invest HSA, hope to use HSA funds to pay Medicare premiums as we wait to take SS at 70.

[@andrewroth9175]

Yes, married with 2 kids, one in 2nd year of college, one junior in HS. Have bronze HSA plan 195 per month. Using 401k monies to purchase HSA accounts. Wife and I over 55, 9850.00 per year in HSA, tax deductible as I pull from 401k to fund. Invest HSA, hope to use HSA funds to pay Medicare premiums as we wait to take SS at 70.

[@harlowhahn7582]

Lost it all in stock and annuities

[@harlowhahn7582]

Tried to save and lost all of it when stock market crashed lost every red cent why take the chance again

[@leepialong]

Don't sell

[@robshell5367]

How to know when you are? How about, it isn't possible. Oh I have too much money, I need to do something different.