Overly generous gift-givers can undermine their retirement

12/24/2012 | Wall Street Journal, The

Excessive holiday spending can undermine retirement plans, financial advisers say, but dealing with clients' bad spending habits can be tricky. Holiday purchases should be part of an annual budget, some say, and raiding retirement funds to pay off post-holiday bills should be discouraged. "Over the years, I have seen so many people undo a great year of living within their means in the name of holiday giving," said Lauren Lindsay, an adviser with Personal Financial Advisors.

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Wall Street Journal, The

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