Core Insights - The article discusses the financial situation of a 50-year-old saver who has accumulated $1.3 million for retirement, significantly above the median for her age group, and emphasizes the importance of tax-efficient savings strategies [2][7][17]. Retirement Savings - The saver has $1.3 million saved for retirement, with 80% in pretax accounts and 20% in Roth accounts, and saves approximately $2,500 monthly [2][6]. - General savings guidelines suggest having savings equal to one year of salary by age 30 and 10 times by age 67, which the saver has exceeded [7]. Income and Expenses - The saver earns about $150,000 annually, which is 112% above the median for her age group, and allocates 20% of her income to retirement savings [4][6]. - After taxes, she has a monthly income of $8,000, covering her average expenses of $6,000 [4]. Debt Situation - The saver has a total debt of $453,000, primarily from a home mortgage at a 3% interest rate, which is above the median debt for her age group [3]. Retirement Planning Strategies - Financial advisors suggest increasing savings in taxable accounts to provide flexibility and manage tax implications during retirement [9][12]. - Balancing contributions between pre-tax and Roth accounts is recommended to optimize tax efficiency and legacy planning [14][16]. - Determining a specific retirement income number is crucial for ensuring that savings will meet lifestyle needs during retirement [18][20].