Are you saving too much for retirement? Money expert Humphrey Yang shares 5 warning signs

Oct. 5, 2024 - Yahoo Finance

Money expert Humphrey Yang shares 5 warning signsIn the race to retirement, many of us strive to sock away as much as possible to secure our future. But even when it comes to retirement savings, there can be too much of a good thing.

That’s the message from financial expert and YouTuber Humphrey Yang, who warns that over-saving for tomorrow can impact your quality of life today. By using Fidelity’s guidelines, Yang explains that at age 40, saving three times your salary means you’re on track for retirement.

Finding the right balanceAggressively saving for retirement is smart, and going the extra mile to have something extra in retirement is laudable...