When Over-Saving is a Problem

Hard to believe that it is possible to be penalized for over-saving for retirement.  However, the IRS has shown much favor towards Individual Retirement Accounts (IRA) and wants to balance encouraging saving for retirement with not losing tax revenue .  Sometimes our zeal for saving may not match our prudence in evaluating the most appropriate way to do so.  This article shows the common pitfalls and, more so,  that it is possible to over-save in one retirement vehicle; an IRA.