Month: August 2012

Elyse's New Board Position

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We offer many ways to stay in the loop with what goes on at Harbor Wealth Management and the broader Wealth Management arena. You can keep track of timely news, commentary and relevant tips and strategies with the Harbor Wealth Management blog. Our in-house quarterly newsletters are packed with investment and planning insights. You can sign up for our newsletter below.

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DID YOU KNOW?

Did you know you should have 1x your salary saved by age 30 and 3x by age 40! How do you stack up?

A good rule of thumb to is save at least 15% of your pre tax salary. If that seems impossible start with 10% of your post tax figure and work your way up every 6 months.

In 2016, 50% of people on Medicare had incomes less than $26,200/yr

Article - How Many Seniors Live in Poverty?

American’s hold over 1 trillion in credit card debt.

42% of Americans have less than $10,000 saved for retirement

Article - Survey Finds 42% of Americans Will Retire Broke — Here’s Why

The average participant's 401k account includes just two or three funds.

Vanguard - Article

Americans spend $500 million on Twinkies every year

Americans also spend billions ($18 billion, to be precise) on credit card late fees.

If you have $10 in your pocket and no debts, you are wealthier than 20% of Americans.

Article - 12 Weird Facts About Money