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3 Things 12-7

12/7/2020

THING ONE

Where Are You?

Here is some data on median and average household retirement savings by age group compiled by Vanguard:

Ages 65-74

Average $426,000

Median $164,000

Ages 55-64

Average $408,000

Median $134,000

Ages 45-54

Average $254,000

Median $100,000

Ages 34-44

Average $131,000

Median $60,000

Under 35

Average $30,000

Median $13,000

While it might be interesting to know where you are relative to others in your cohort, you shouldn't get overly concerned with that perspective. Instead, consider where you are relative to where you would like to be and get after it. Contact us if you’d like some help.

THING TWO

Long Term Care Question

Seventy percent of people 65 and over will need long-term care at some point according to the Transamerica Center for Retirement Studies Survey. Despite that fact, roughly half of Americans (48% of women and 56% of men) say their long-term care plan is to rely on family and friends.

Is that your plan? Would you like someone to help you think through any potential alternatives?

Thing Three

Just A Thought

“Planning is bringing the future into the present so that you can do something about it now." - Alan Lakein

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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.

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