A client’s recommended savings number is higher than I expected, why would that be?
Your client’s savings recommendation is based on the information about your client’s existing investments and synced external accounts, any manually inputted accounts, your client’s desired level of spending, and our assumptions (which you and your client can control by clicking “Edit Assumptions” from the Projection page of their plan).
As a first check, please verify that your client’s have synced or entered all of their retirement accounts retirement. This should include all of their retirement investments at all firms, for your client and their spouse: IRAs, brokerage / taxable accounts, mutual fund accounts, cash equivalents, and company stock, if they are planned to be used for retirement.
If your client removed all Social Security benefits (on the Projection page), this can dramatically affect how much your client will need to save.
Review the assumptions by clicking “Edit Assumptions” from the Projection page of your client’s plan.
Review the spending amount your client specified to make sure it’s realistic given their current income and standard of living.
If your client recently synced their retirement accounts and got different advice than expected, please read here (link to new FAQ on differences in advice).