$228k = Income… Current Income: His employment: $173k annual; Her: $55k annual
Current Expenses: $90k annual
Desired Retirement Spending: $130k annual…
… New annual Contributions
-$35k his 401k
-$20k her 401k
-$7k his Roth IRA
-$7k her Roth IRA …
$90k = Expenses
$69k = New contributions (does this exclude employer match?)
Where is the remaining $69k (= $228k - $90k - $69k) of your income going?
Does the $130k desired annual retirement spend include everything - living expenses, income taxes, healthcare, travel and periodic expenses such as a new car or new roof?
Statistics: Posted by HomeStretch — Sat Feb 24, 2024 6:53 pm