The article explores the challenges faced by individuals who save excessively for retirement, questioning whether such a high savings rate is sensible. In particular, it highlights the case of a Redditor who saves $70,000 annually while living frugally. The article touches on varying retirement goals influenced by income levels, emphasizing the need for balance between savings and enjoying life. Ultimately, it suggests that for some, saving too much can come at a cost to potential enriching experiences, leading to questions about the necessity of over-extending retirement contributions.
A Redditor on the r/Fire subreddit questions if saving $70,000 annually for retirement is unnecessary given their minimal expenses, highlighting a common dilemma for affluent savers.
For very high wage earners, retirement savings may reach tens of millions, while others may simply want enough to pay their basic bills and live comfortably.
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