While the conventional conversation around retirement savings is "better to be safe than sorry", this article from Fortune brings a interesting second perspective to the story.
"Retirement is, by and large, the most expensive purchase of anyone's lifetime," he says. "For people who think they need $1 million but find they only need $800,000, it is a big difference."
Check out the story and maybe review your current financial plan to see if you are perhaps saving too much.
2013 is in the books now and we are all preparing to make the best of 2014. A brief look back at the stock market over the last 12 months shows some pretty impressive numbers, with the S&P 500 up ~ 26%
and the Dow Jones Industrial Average up over 23%.
Meanwhile, the generally anticipated rise in interest rates did start, but these levels still appear well below long term averages:
David R Wattenbarger, president of DRW Financial
DRW Financial is a registered investment advisory (RIA) and is registered in the states of Tennessee, Illinois, and Georgia.
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