Are we saving too much for retirement? The answer is yes according to Ty Bernicke.

Bernicke's first hint that people tend to overestimate their retirement spending came from his father, Barry, the founder of Bernicke & Associates. "When I first got into the business he had mentioned this to me and it made a lot of sense," said Bernicke.

After several years of watching his father's predictions come true, Bernicke decided to support the theory with numbers. By reviewing the U.S. Bureau of Labor's Consumer Expenditure Survey, he found that people ages 75 and older tend to spend half of what they spent between the ages of 45 and 55.

It's an intersting idea, just don't suspend those 401(k) contributions after reading this.