rapidfire Retirement Living
A Dangerous Distraction
W
ith money market funds and short-term CDs paying next to nothing, investors are
looking for higher yields. This dangerous distraction has caused many to forget why they put money in these securities: safety. Higher rates are attractive, but they
inevitably carry higher risk. So if your primary objective is safety, taking on more risk — even with the promise of higher returns — could be a big mistake. Choosing between high returns or safety
depends on your objective, so segregate investment capital from savings. Invest- ment capital can be set aside for five years
or more, while savings are needed for more immediate commitments and emergency funds. It’s probably a good idea to put in- vestment capital where it can earn high returns. When it’s the money for Johnny’s tuition next year, safety is paramount. This money needs to stay in a money market fund or a one-year CD. The same is true for emergency funds — this is “safe” money. Remember what Will Rogers used to
say on the subject: “I am more concerned about the return of my money than the re- turn on my money.” — Capt. Kent Grealish, USNR-Ret., CFP®, AIF®
Family
Matters Discover helpful resources for military spouses and children.
Military spouses look- ing for employment can take advantage of a program included in the 2010 National De- fense Authorization
Act that helps them get paid internships with federal agencies. DoD will reimburse
an agency for the first year’s salary, benefits, and training costs if an eligible military spouse is appointed to a per- manent position with training and potential for career progression. For the first year’s
pilot program, 120 positions were avail- able. Find out more at
www.cpms.osd.mil/mil spouseinternship.aspx.
IMAGES: ABOVE, MARIA RENDON; RIGHT, SHUTTERSTOCK AU G U S T 2 0 1 0 MI L I T A R Y O F F I C E R 2 7
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