Too aggressive in saving for retirement?
It started a few months ago when I posted here about a HDHP option that was too good to be true and the discussion turned to how an HSA is essentially a traditional IRA once you reach retirement age (65 meaning it's like normal income) but has the bonus of retroactive withdrawals (e.g. save all your receipts and take the $$ out once it's grown a few times) - all you have to do is treat the HSA as if it weren't accessible (for, you know, what it's meant for). I quickly jumped on this and augmented my wife's withdrawals to max out the HSA (her employer is putting in over 50% of the current federal max).
The thing is, with premium differences vs the PPO (we'd been on for many years) and not being able to use the FSA, I wasn't able to "compensate" for these "lost pre-tax deductions" without augmenting her existing 403b so my plan was to start a post-tax vehicle like a Roth IRA. (In other words, our pretax income will increase as well as post-tax).
That's when the thought ran though my mind.... are we saving too much? We sure could use some more pocket cash right now, and I already max out my 401k, she has a 403b she puts into as well as a state pension (teacher) (however to value that). According to just about any metric I can find, we are well ahead of the game not even considering the recent HSA development.
Just wondering if I got too caught up in the savings mantra to take a look at the real state of things.