Sample Report Case Study

 

Meet John and Mary. They are both 50 years of age and still working and adding to their retirement savings. They plan to retire at age 65 and are concerned that they will have enough money to see them through their retirement years and be able to live in a lifestyle simular to their current standard of living.​

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So far, they have saved $400,000 in retirement accounts and another $250,000 in additional savings. They expect they will spend about $84,000 per year once they retire (or $7,000/month) in today's dollars. They plan for that amount in increase due to inflation by 3% per year starting now. 

 

They will both receive Social Security benefits starting at age 65 of $18,768 each year. In addition to their current savings, they play to contribute $1600 per month to their 401K plans and their employers will match that with another $800/month. On top of that, they will save $1000/month in their joint account. If their savings and contributions grow at 5% per year check out the report to see if they will have enough money...