Get Off Your But

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 needs?  Did you know nearly half of the people with life insurance only have coverage amounts of $100,000 or less and that 1 in 3 parents/families with children under 18 have no life insurance at all – even though they are the sole means of financial support for their children. 

 

And speaking of those $100,000–or-less policies, those are the kinds that you usually see in employer group plans.  While they will likely cover the cost of a funeral, they are not going to replace years of lost income and they’re probably not going to pay off a mortgage or provide much help paying for college.

 

And let’s not forget debt.  Did you know the average person pays “rent on money” (more commonly know as interest) of $8,000 annually?  That’s $8,000 – annually – that can’t be saved, invested, or used in any number of ways that would benefit you and yours rather than somebody else and theirs.

 

Time is your biggest asset.  Get off your “but”, like Sgt. Bilko suggests, and make the most of it.

 

Chances are, if you’re reading this, you could use some help with at least some of these topics. We are here if you need us.

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

©2018 Mann Advisory Services, LLC

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.