Is simply saving more the best way to retire?

I was reading a recent article posted to Marketwatch and it was giving Americans the same old tired advice: if you want to retire, double what you are saving. Have a look at this quote from the article: “[One financial expert] warned in his paper that a longer life span means that most Americans will need a higher savings rates when working and a lower rate of annual spending in retirement.”

So, this guy wants you to enjoy life less now so that you can keep on enjoying even more less later on.

Not very motivating, right?

More savings will not guarantee financial security because of unpredictable things like inflation and market crashes. More importantly, they don’t give you the happy and satisfying life you deserve.

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