I've been pouring money into my 401(k) and it's nearly $1 million - but is it actually too much?

The author currently questions the balance of saving for retirement versus managing immediate financial needs for his growing family. His anxiety reflects broader concerns faced by many young families.

Although he maximizes his own 401(k) contributions, he struggles with the optimal strategy for his wife's retirement savings, particularly given the lack of a match from her employer.

Despite a strong net worth, the author’s savings rate is only about 10% of income, significantly below the commonly recommended 15%, raising concerns about long-term retirement security.

Comments from the community suggest he should carefully consider RMDs, which could significantly impact their retirement income if not managed wisely.

Read at 24/7 Wall St.