Clear solutions in a complex world®
Russell G. Lowry
CFP®, CRPC®
Wealth Planning Advisor
Sagemark Consulting
100 Northfield Drive
Suite 200
Windsor, CT 06095

ph: 860.298.1800
fax: 860.298.1812
toll free: 888.921.8455

russell.lowry@lfg.com
How Much Credit Can You Afford?
Individuals are swamped with consumer debt, and yet, credit card applications fill the mail sacks at the post office. According to the latest figures offered by the Federal Reserve Board, consumer debt topped $2.5 trillion in November 2007, bringing the annual rate increase to 7.5% (The Fed, 2008). With this load of debt, people often forget to ask how it affects their overall financial condition. But, there is a guideline. It's called "The Rule of 35," and it works like this: No more than 35% of your gross pay should be expended on long-term credit financing, including your mortgage. The balance, 65% of gross pay, should go toward taxes and all other living expenses.
Copyright © 2008 -- Liberty Publishing, Inc. All rights reserved.

About Us

A Dedicated Team Working for You

Sagemark Consulting, a premier fee-based financial planning firm, can help guide you toward a more secure future. We believe that it's not only our responsibility to help you make the most of your income and assets, but also to help you make the most of your life. It's our plan for your future.

Our overriding philosophy - the one that distinctively defines the way we do business - is "Serve First, Last and Always".

Our "Serve First" philosophy was conceived over 50 years ago and still drives our business today. Conviction in what we do and sell, the courage to get our clients to take action, competency based on continuing education and training, and communication that builds understanding and trust - these are the key qualities of "Serve First". And these are the commitments we make to you when you choose to retain us.

We are a member of Lincoln Financial Group, the marketing name for Lincoln National Corporation and its affiliates - a Fortune 500 financial services company that offers a broad range of financial services. Our affiliation with Lincoln Financial Group provides depth, stability and significant resources to our advisors and clients.

With Sagemark Consulting, our clients receive the best of two worlds: the experience and financial stability of a long-standing financial institution, and the individual service that comes from having a personal financial advisor.