The client currently is 46 years old with an income of about $126000 per year. H

The client currently is 46 years old with an income of about $126000 per year. His goal is toretire between ages 62 and 67 and to have enough savings to live comfortably in about thesame fashion he does now (with some money available for expanded travel). The clientsaccumulated savings for retirement total $137000. His employer contributes around $10000per year into the retirement fund while he has been contributing $7500. How much should hebe saving?1. Explore the mess above by answering the following questions:(a) What do we know?(b) What can we assume(c) What could the results look like?(d) What information can be brought to bear?(e) What can we ask the client?(f) Are there any similar situations or problems?