Aug 17
The NY Times recently published a controversial article in which they discussed some emerging academic research claiming that accepted rules of thumb for calculating how much to save for retirement significantly over estimate the amount that is actually required.
Simply put, the argument is that most retirement calculators are overly simplistic in their assumptions, and overly pessimistic in terms of their output.
You can read the article here
Personally I remain skeptical and firmly believe that most people are saving too little, rather than too much: would you rather be wrong on the upside and have something left over for your heirs, or wrong in the other direction and run out of money during your retirement?
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