USA Today: Are you saving too much for retirement? Go ahead and buy that big-screen TV. Enjoy your daily latte. Book your dream vacation. When it’s time to retire, you’ll be just fine.
That’s the view of a maverick group of academics and economists, who contend a significant number of upper-income Americans are being hoodwinked by the financial services industry into saving more than they’ll actually need to retire comfortably. In the process, these critics have sparked a brawl rarely seen in the buttoned-down retirement planning business.