By: Mike Earl
The simple chart below provides a handy reference point to see whether your investment portfolio is on track for retirement.
To illustrate, let's consider a hypothetical married couple:
Current age is 45.
Household earned income of $200,000.
Target retirement investment portfolio: 200,000 x 4.9 = $980,000
This chart may reveal that your retirement portfolio is below where it should be, but fear not. Not surprisingly, as many as 2 out of 3 Americans are behind on retirement savings. But, The Wealth Group wants 100% of our clients on track for retirement, which is why we will help you implement the changes necessary to get back on track.