Ask Bob: Have We Saved Enough?

Robert Powell, CFP®

Question: My wife and I are 71 years old and retired. We spend around $115,000 a year. This dollar amount covers everything. My question is: How much money should we have saved/invested at this point in our life?

Answer: Lynn Dunston, CFP, EA, founder and senior wealth planner at Dunston Financial Group in Denver, Colo., offered this response:

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