Spending is as important as saving in run-up to retirement

02/25/2013 | MarketWatch

The conventional wisdom of steadily saving a certain percentage of your income over decades to fund a retirement is not necessarily wise if spending rises too much at the same time, writes Michael Kitces. It is better to also focus on keeping spending in check throughout your working life and save more that way. Explore tools and resources to help balance saving and spending at 360 Degrees of Financial Literacy.

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