rapidfire
Retirement Living
Panic Protection
Family
Matters
Discover helpful
resources for military
I
n these troubled economic times, need to do anything.” Thurman says mili- spouses and children.
it’s easy for investors to panic, particu- tary retirees, in particular, are in a pretty
larly when nearing or in retirement safe position right now as long as they One challenge service-
and who might have seen stock-invested don’t sell their stocks. “If you’re receiving members often face is
savings plummet by as much as 40 per- a pension, this current economic crisis sustaining connections
cent over the course of the past year. probably isn’t going to change your retire- with their families and
However, now is not the time to sell, ac- ment age,” he adds. one another. Myvetwork
cording to Jack Thurman, president of Instead of panicking and foolishly .com’s mission is to em-
BKD Wealth Advisors in Springfi eld, Mo. selling stock for less than you paid for it, power members of the
“People should be concerned,” he says. Thurman suggests evaluating your house- military, their families,
“I suggest tempered optimism. It’s not as hold or business budget instead. “Consider and others to initiate
bad as the Great Depression, but this isn’t reducing debt and expenses,” he suggests. and expand the con-
going away in six months.” “What kind of fl uff can you eliminate?” nections among them
Thurman cautions against reacting Reducing your cost of living to ride out and to provide access to
to the current economic downturn in an the economic storm without digging into critical resources — all in
emotional manner and advises investors retirement savings is the best path to take. one place.
to consider past recessions. “Be practi- And if you have the spare cash, there MyVetwork invites
cal,” he says. “What does history tell you?” is no better time to invest than the pres- active duty, retired, and
Most markets will respond with a positive ent. “This may be a once in a lifetime op- veteran servicemembers
swing backwards in two to three years. portunity to buy stocks at 50-percent off,” and their families to
“If you’re at retirement age, hold on,” Thurman points out. join free of charge. The
Thurman advises. “You probably don’t — Deborah Huso Web site makes it easy
for participants to find
others with similar in-
terests, locate long-lost
buddies, give and receive
mentoring or career ad-
vice, and exchange infor-
mation on an unlimited
number of topics.
As the community
builds, the resources are
enriched, increasing pos-
sible matches on a range
of needs and topics.
Organizations also can
use the site to increase
their exposure and ex-
pand membership. To
become a member, visit
www.myvetwork.com.
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