[quote=flu][quote=AN][quote=carlsbadworker]Because they have no idea how much wealth they needed and how to generate sustained cashflow, so they tend to over-save (maximize 401K in both spouses’ accounts) and do nothing when inflation kicks in.[/quote]
How do you “over-save”?[/quote]

Simple, excessively contribute to a 401k, so that in your golden years you are taxed hire post retirement than during your earning years…After all, you’re forced to take mandatory distributions at a certain age. If it goes below a limit, you pay penalties, if you take distributions above a limit, you pay penalties too…[/quote]
You’re assuming the saving is in 401k. What about Roth IRA, Roth 401k, cash, houses, investments in small biz, investment in small biz that grew to mid size biz, etc.?