Live for Today, Save for Tomorrow

En español | As a senior financial planner, Christine Fahlund is not in the habit of telling people to stop saving for retirement. You wouldn't expect her employer, T. Rowe Price, to be wild about the idea, either. They are in the business of gathering investors' money into mutual funds and 401(k) plans. (Disclosure: Among those plans is the one for employees of AARP.) But in a new strategy that the company has been promoting this year, not only do Fahlund and T. Rowe Price suggest that you stop saving for retirement once you hit age 60; they encourage you to take the money you were previously putting into your 401(k) or other retirement account and — brace yourself — spend it. On fun stuff. … Back to Article