ARE YOUR FINANCES JUST STATUS QUO?

Does any of this “status quo” conventional wisdom sound familiar?

1. Diversify with mutual funds.
2. Max out 401(k) contributions.
3. Keep your credit score high, and shop for low interest rates.
4. Buy term and invest the difference.
5. Put your money in the market to get a good rate of return.

So, how has this philosophy worked for the average American so far?

• Half of all households headed by workers aged 55 to 64 have less than $88,000 in retirement accounts.
• The average American household with at least one credit card has nearly $10,700 in credit card debt.
• Trillions of dollars have evaporated from 401 (k) accounts.
• Of those between 45 and 64, 71 percent admit they are worried about having enough money for retirement.
• The average American is paying up to 34.5 percent of their after tax income straight to interest.
• In 2010, every three months 250,000 new homes went into foreclosure.
  • (The above information excerpted from Safe Money Millionaire by Brett Kitchen & Ethan Kap)

The Good News!

The good news is that you do not have to be part of the “status quo.”  Here at Razor Financial Services we are committed to helping people of all walks of life, in many different financial situations.  No matter if you are dissatisfied with the lack of growth your savings accounts have been getting or if you are paying entirely too much for insurance coverage to protect your family we have financial strategies to move you from “status quo” to being on the right track with retirement, college funding, insurance protection and other areas of your finances.  Contact us today to set an appointment to visit on how we can help move you from “status quo” into a plan for a brighter, safer, and more prosperous financial future!