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Kiplinger
Kiplinger
Business
Maurie Backman

I Retired at 65 With $7.8 Million and Feel Like I Over-Saved. My 40-Something Son Is on the Same Path. Should I Tell Him to Reconsider?

Mature Father With Mixed Race Adult Son Leaning On Fence Walking In Countryside.

Question: I retired at 65 with $7.8 million and feel like I over-saved. My 40-something son is on the same path. Should I tell him to reconsider?

Answer: It sounds like you did an excellent job of teaching your son how to work hard and save money. At 65, however, you have a better sense of the sacrifices required to amass such wealth.

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