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Are You Saving Too Much for Retirement?

Economic Update | Oct 03, 2025

Hosted by Andrew Toccaceli, RICP®, MRFC® and Coley Neel, CFA® | W.A. Smith Financial Group

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Are You Saving Too Much for Retirement?

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Are You Saving Too Much for Retirement?

Coley Neel CFA®

Published on Oct 03, 2025

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Many people obsess over hitting their "retirement number," but could you be saving too much and missing out on enjoying life today? It’s a question I hear often. While saving for the future is essential, so is living fully in the present.

The Risks of Over-Saving

Being overly conservative with your savings can lead to missed opportunities for creating what I call “memory dividends.” These are the priceless moments you share with loved ones—vacations, dinners, or simply time spent together—that enrich your life far beyond financial returns. While securing your future is important, it shouldn’t come at the cost of your best years.

Enjoying Your Earnings Now

Your income isn’t just a tool for the future; it’s there to enhance your life today. Finding balance doesn’t mean overspending—it means giving yourself permission to enjoy what you’ve worked hard to build. Whether it’s traveling, pursuing a hobby, or spending quality time with family, happiness shouldn’t be reserved for retirement alone.

Balancing Current Spending and Future Security

Achieving the right balance comes down to understanding your personal retirement number. Once you have a clear, realistic plan in place, you’ll likely discover you have more room to enjoy life now without jeopardizing your future. It’s about confidence in your financial strategy and peace of mind for what’s ahead.

What’s Next?

If you’re wondering whether you’ve struck the right balance, a Retirement Tune-Up™ can help. Let’s define your number and create a plan that allows you to enjoy today while securing tomorrow.

Schedule your Retirement Tune-Up™ now to get started!