Having a retirement plan is key to seeing whether you should be saving more, cutting your expenses, or whether it’s time to give yourself grace to spend or give more.
Despite what you might hear about average values of retirement portfolios for a particular age range, what really matters to you is if your plan is on track. How much do you currently have saved? If you haven’t retired yet, what amount can you save/invest per month? How and when will your debts get paid off? What income is fixed in retirement? How much do you tend to spend monthly? All of these factors, and more, come into play.
We can help you with an individualized plan to see whether you’re on the right track or not. Sometimes you need a nudge to save a bit more, and sometimes you need a nudge to relax a bit more!