October 1, 2018

The federally mandated minimum wage is $7.25/hr.  The math in the chart below says that if a person who is 18 years old and earning the minimum wage started saving 3.9% of her monthly wages ($47 dollars), assuming she worked 40 hours a week and did so until retirement...

September 19, 2018

According to Fidelity Investments, the nation's largest retirement plan provider, the following are the average retirement balances by age cohort (see the full article here)

Age 20 to 29: $11,500

Age 30 to 39: $42,700

Age 40 to 49: $103,500

Age 50 to 59: $174,200

Age 60 to...

August 21, 2018

Did you know 35% of prime working age adults (those between age 30 and age 55) have zero retirement savings set aside and that among the 65% that have put something aside, the average net balance is $73,000 (the median balance is $35,000).

And how about life insurance n...

July 16, 2018

Note:  This is an actual letter I wrote to someone who was thinking about how to handle some various debts.  After stripping out anything that could be used to identify the individual I thought the letter could still be generally helpful to others.  So here it goes....

July 13, 2018

Actually, it helps a lot when it comes to getting creditors to lower the fees they charge you.  In fact, according to this article, 87% of cardholders who asked for a late fee to be waived and 69% who asked for a lower interest rate, were successful.

If you have credit...

June 28, 2018

A good friend recently shared this gem with me:

"If you don't know a lot, things are pretty simple.  If you know a lot, things are also pretty simple.  The challenge, therefore, is getting to the right kind of simple."

With that in mind, I asked a doctor that I happ...

June 27, 2018

The expert (and common sense) advice for credit card use is to pay balances off in full every month.  But according to creditcards.com, about 40% of consumers don’t do that.  And among that group, the average balance outstanding is $17,000.  That’s $17,000 that the con...

June 26, 2018

When investing in individual stocks, it is prudent to invest in solid companies and to have a long term perspective.  Anything short of that approach is not investing and is more appropriately called speculating, which is not to say that speculating is a bad thing, and...

June 19, 2018

“And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful” 

World renowned investor, Warren Buffet made the above statement in his 200...

June 13, 2018

There's a saying, past is not prologue.  Of course it's true.  But here's a history lesson, nonetheless, on the price of gold versus the Dow Jones Industrial Average (DJIA):

On January 21, 1980, the price of an ounce of gold was $850 while the DIJA was valued aroun...

Please reload

Featured Posts

When The Federal Reserve Raises Interest Rates, Your Credit Card Bill Rises

June 27, 2018

The expert (and common sense) advice for credit card use is to pay balances off in full every month.  But according to creditcards.com, about 40% of c...

1/3
Please reload

Categories

Please reload

MANN ADVISORY SERVICES, LLC. IS A REGISTERED INVESTMENT ADVISOR (RIA). INFORMATION PRESENTED IS FOR EDUCATIONAL PURPOSES ONLY AND IS NOT INTENDED AS AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF ANY SECURITIES. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISOR AND/OR TAX PROFESSIONAL BEFORE IMPLEMENTING ANY STRATEGY DISCUSSED HERE.

©2018 Mann Advisory Services, LLC