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Here's the $1.8 million investment portfolio of a baby boomer couple who wants to retire in the next 5 years

Here's the $1.8 million investment portfolio of a baby boomer couple who wants to retire in the next 5 years
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Morningstar's director of personal finance, Christine Benz, recently overhauled the investment portfolio of a baby boomer couple who is hoping to retire in the next five years.




Allen, 63, and Bridget, 62, earn around $245,000 a year working as a computer engineer and scientist, respectively.




Their retirement accounts are worth about $1.8 million; they each have a traditional IRA, Roth IRA, and 401(k).




Benz said their biggest task for getting on track for retirement is creating a balanced asset allocation, which requires investing their large amount of cash holdings to put their money to work.




Read more personal finance coverage.



It's crucial to check up on your investment portfolio leading up to retirement.
Married couple Allen, 63, and Bridget, 62, are hoping to retire within the next five years. As part of Morningstar's Portfolio Makeover Week, Christine Benz, director of personal finance at Morningstar, reviewed their investments to assess whether they're on the right track.
Allen and Bridget started saving early, but coming from a family of hard-working immigrants, slowing down in retirement won't be easy, they told Morningstar. Bridget plans to leave her job as a scientist by the time she's 65, while Allen would like to continue working as a computer engineer until age 67. They currently earn around $245,000 a year.
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