Why "save more tomorrow" may be better advice

Michael Kitces | Pinnacle Advisory Group | 12 June 2013

Recent research suggests that it's better to stop telling people to cut their spending now and save more, and instead to simply encourage them to save more tomorrow, instead. While this doesn't necessarily solve the challenge of the baby boomer who is already on the eve of retirement, the research suggests that for those in Generation X and Generation Y who still have years or decades until retirement, it may be a far more effective approach.

The con...