In its recently released 2016 Guide To Retirement,JP Morgan takes a fine-tooth comb tojust about every imaginable variable impacting retirementreadiness.
But it is the report's “retirement savings checkpoint” where JPMorgan introduces the wild card that may turn conventionalretirement preparation thinking on itshead for the decade going forward.
In modeling ideal savings levels relative to age andincome (a 40-year old making $50,000 a year should have 1.2 timesthat in savings; a 60-year old making $100,000 should have 7.3times that in savings), JP Morgan presumes 6.5 percent annualizedreturns on portfolios for pre-retirees, and 5 percent returns forretirees.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
