Should we save less for retirement?
Gwen Merz had just graduated from college in 2014 with an IT job she hated when she decided early retirement was the way to go. She saved every dollar she could, saving up to 70% of her income so that she could quit smoking at 35.
Now 30, Merz thinks she may have saved too much. His work and life goals have changed, but most of his $ 300,000 in savings are in retirement accounts that cannot be touched without tax penalties. If she could start over, she says she would either save less aggressively or put some of the money in a taxable investment account with less strict withdrawal rules.