Why Traditional Planning Won’t Work & How to Fix It
The main issue you face is your ability to fully fund your retirement without affecting your current lifestyle.
Multiple studies conducted by firms such as T Rowe Price and Charles Schwab state that it's reasonable to need 70-80% of your pre-retirement income while in retirement. On average, every pre-retiree would have to save approximately 33% of their gross pay to hit their retirement goal to achieve this.
Is this even possible? Let's find out.