There's a lot in life that can scare us. I vividly remember our frantic neighborhood search years ago after my toddler son wandered away from the babysitter. And I can still recall my dry mouth and desperate heart as my wife and I sat in the hospital waiting room while our daughter was undergoing surgery. You've no doubt had your own scary encounters as well. You know, the ones that bring an empty feeling, even pain, to the pit of your stomach.
There's another less serious issue out there that also strikes fear into the hearts of many: investing. Though it shouldn't be a fear generator, I regularly see and hear from folks who are filled with trepidation at the thought of it. So, in a financial planner's attempt to be a healer, I recommend one way to ease those fears: Do it systematically. Here's how systematic saving and investing can help:
Of course, the best thing about systematic saving or investing is that it puts you on a path towards meeting your goals, whatever they may be. As to my son, yes, we found him safely ensconced in a neighbor's house, and my daughter is beautiful, healthy and happy. Our fears passed, we moved forward and you can do the same with your plans to build for the future.
Every year, most federal payments are adjusted by an increase called a Cost of Living Adjustment (COLA). This amount is calculated based upon statistics called the Consumer Price Index (CPI). These statistics are compiled by the Bureau of Labor Statistics and include the costs of various goods and services. The 2015 COLA for military retired pay, […]