GOLDMARK FINANCIAL PLANNERS, LLC

We Are:

Wolfgang T. Sailler
Certified Financial Planner ™

Joseph D. Witt
Certified Financial Planner ™

Email Us

401(k) & TSA participants
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PO Box 5190
Salem, OR 97304-3060

Call or Write:
Office: (503) 375-0208
Home: (503) 587-9811
Fax: (503) 371-2615
wolfgang@goldmarkfp.com

How does your ‘Balance’ stack up?

August 22, 2013

The United States is undoubtedly a very consumer driven economy. About 70% of all economic activity is the result of consumer purchases. The balance being government and business activity. With all this money moving around in a $13 Trillion economy how much does finally ‘stick’ to each household’s retirement balance? It turns out not much and not enough by a long shot. According to the Employee Benefit Research Institute the median retirement account balance is $3,000 for all working age households and $12,000 for near retirement households. 12k, that’s all? With the question marks swirling around the sustainability of Social Security and high medical expenses of an ever increasing older population what do people want to survive on when they can’t work anymore? What are you doing or what have you done to avoid running on empty once the day comes?

(Median = statistical term; value at which half the responses fall above and half fall below; not to be confused with the ‘average’ which is derived by adding all values and dividing by the number of responses. The ‘Average’  can be skewed upwards by a few very high responses, while the ‘Median’ gives a better idea of the true level of the values being measured.)

Contact Us

(503) 375-0208
wolfgang@goldmarkfp.com

 

 

 

PO Box 5190
Salem, OR 97304-3060

 


 

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Goldmark Financial Planners, LLC, is a Registered Investment Advisor Firm in the State of Oregon. Prior to any advisory work conducted outside Oregon, Goldmark Financial Planners, LLC, would become registered in that jurisdiction or qualify for an exemption or exclusion to the registration.

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