Are You Saving Too Much for Retirement? Know These Surprising Downsides

If you’ve already hit your retirement goals, continuing to save may cost you more than you realize—from taxes to lost life experiences.

Sometimes, all that diligent saving can actually cause more financial harm than good. Dreamstime/TCA

By Donna Fuscaldo From Kiplinger’s Personal Finance

You’ve saved, saved, and saved some more, and now, you’re nearing retirement and have amassed a fortune in your 401(k) and individual retirement accounts (IRAs). Nonetheless, you keep going, right? You keep on saving until you retire. After all, that’s the golden rule of finance.