rapidfire
Retirement Living
Family
Portfolio Plan
Matters
Discover helpful re-
sources for military
W
hile the typical financial Barber doesn’t advise hanging onto spouses and children.
advice to investors in a down nonperforming stocks, either. “Design a
market might be to ride out the portfolio that can give you the opportu- As part of the new
storm, if you are fully retired and depend- nity for real returns today,” he says. He Armed Services YMCA
ing on your portfolio to fund a portion of suggests the corporate bond market, mu- (ASYMCA) and DoD
your living expenses, it might be time to re- nicipal bond market, and certain portions Outreach Initiative, com-
consider where you’re putting your money. of the real estate sector, including health munity YMCAs nation-
“We’ve entered into a long-term care facilities and apartment complexes, wide will provide military
secular bear market,” says Dean Barber, for safe investment opportunities that
founder and president of Barber Financial offer returns now.
Group in Lenexa, Ky. That means the cur- Barber says if you don’t feel comfortable
rent recession could last three to eight reworking your own portfolio, hire a fi nan-
years, maybe longer. cial planner to help. (For help screening a
So what are retirees to do? “The most fi nancial advisor, read “Expert Advice” at
important thing you can do right now is
www.moaa.org/militarymatters.)
to reassess where you are fi nancially,” “Most people spend more time plan-
Barber advises. “What are your necessary ning a vacation than planning their port- families with access
expenses? What things are discretion- folio,” Barber says. “Once you know what to youth development,
ary?” He says retirees should not be tak- your money needs to do for you, create a family strengthening,
ing more than a 4-percent to 5-percent plan that supports that.” and health and well-
income stream from their portfolios. — Deborah Huso being programs.
Those eligible to par-
ticipate include:
■ families of joint de-
ployed National Guard
and Reserve of all
branches of the military;
■ families living in
newly established joint
base realignment and
closure bases;
■ active duty station
personnel and their
families; and
■ relocated spouses
and family members
of deployed active
duty personnel.
For more information
about the initiative, visit
www.asymca.org.
IMAGES: ABOVE, TIM GABOR; RIGHT, COURTESY ASYMCA JULY 2009 MILITARY OFFICER 25
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