Can You Oversave for Retirement?

It's possible to oversave for retirement, the founder of a millennial-focused financial advisory firm told Business Insider. She says it's a common mistake the firm's high-earning millennial clients make.

Is it possible to save too much for retirement?

While it's uncommon, it's possible to save too much for retirement, financial planners say. If you're saving too much, you might notice you're consistently going over contribution limits.

Is 15% too much for retirement?

Fidelity's rule of thumb: Aim to save at least 15% of your pre-tax income each year for retirement, which includes any employer match.