rapidfire
Extra Savings Retirement Living
I
f retirement is getting close and your savings aren’t quite there, you have several ways to top off that
nest egg, including making catch-up contributions to a retirement plan, de- ferring Social Security payments, and making sure your money is invested to its fullest potential. Another trick is cutting even seem- ingly insignificant expenses. The U.S. Department of Labor offers the cal- culations in the graph to the right as examples. To cement new, cost-saving habits
into your routine, make sure they feel as special as those they replace.
For example, make movie rental night
more exclusive by starting out with a relax- ing stroll around the neighborhood, turn- ing off distracting phones and devices as though you’re at the theater, and making sure you have your favorite movie snacks. Or, make a list of things for which you’re grateful instead of paying for a chance at a lotto win. Stay positive and focus on the benefits — no more stale popcorn!
Savings over 10 years at a 5% rate of return with all earnings invested
$31,186
Golf Event Shines
MOAA golfers and special guests raised more than $100,000 for the MOAA Scholar- ship Fund at the ninth annual MOAA/Jeff Peck Memorial Golf Classic held May 9 at Westfields Golf Club in Clifton, Va. “I’m honored to
be here among some of our nation’s most
$12,474 $9,998
Daily lottery ticket Monthly cost
$4,678 $30
$200 $80 $64
Weekly dinner for two at $50 Premium cable TV subscription Movie & popcorn for two at $32, twice a month
dedicated servants both in and out of uniform,” said MOAA President Vice Adm. Norbert R. Ryan Jr., USN-Ret. Trish Peck, survivor
of tournament name- sake former MOAA staffer Cmdr. Jeffrey Austin Peck, USN, at- tended, as well as two MOAA scholarship recipients and several wounded warriors. For a list of event
sponsors, go to www
.moaa.org and click on news releases under "Media Center."
*online: Learn more retirement savings tips at
http://1.usa.gov/2vl7Yq. 26 MILITARY OFFICER JULY 2012
IMAGES: LEFT, COLIN HAYES; ABOVE, NANCY WOODWORTH CARR
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