Commentary

July 11, 2014

Dollars and Sense

56th Comptroller Squadron

Who wants to be a millionaire? Time is the precious asset for building a roadmap toward this goal.

If you start saving for retirement at age 25, you only have to save about $4,830 annually to reach $1 million by age 65, assuming an annual return of 7 percent. That equates to $365 a month, an attainable amount provide you are making sound financial decisions.

The act of saving is like developing a muscle, and if you start early with small amounts, you will build a superior savings physique. However, if you wait until age 40 to start saving, you’ll need to tuck away at least $15,240 per year, or $1,270 per month. Just like muscle development, this type of crash/overloading can lead to injuries or difficult fiscal decisions.

Bottomline – Start early, commit to a long-term savings plan and stay positive. You can do it!

Coyote quote: “Too many people buy things they don’t need, with money they don’t have, trying to impress people they don’t even like.”




All of this week's top headlines to your email every Friday.


 
 

 
Airman 1st Class James Hensley

Luke cuts ribbon on F-35 Academic Training Center

Airman 1st Class James Hensley Gen. Robin Rand, Air Education and Training Command commander, cuts the ceremonial ribbon Oct. 9 marking the completion of the academic training center building at Luke Air Force Base. The buildin...
 
 
Forino_J

U.S., Singapore partnership standout

Lt. Col. John Forino Aug. 9 marked the 49th anniversary of Singapore’s independence. The 425th Fighter Squadron is an operational squadron comprised of elite U.S. Air Force and Republic of Singapore air force personnel design...
 
 
shirts-graphicbw

‘Guts’ required to enforce standards

A few years ago, a fellow senior NCO requested I talk to her subordinate about her appearance, specifically pertaining to her hair. Naturally, I asked about what the issue was and why she couldn’t have a discussion with her o...
 

 
141008-F-HT977-008

Airmen get new ‘Community Commons’

Renovations on Bldg. 700, which houses the Health and Wellness Center, will take place April 2015 through spring 2016 at Luke Air Force Base. Subway and the barbershop will remain open during construction. Other amenities, such...
 
 

News Briefs October 17, 2014

Keep good mental health Calling all Airmen! Sleep disturbances such as insomnia and nightmares can affect people personally and professionally. Reaching out to a medical provider is a step in the right direction to good health. Courtesy of the 56th Medical Group Haunted house The 56th Mission Support Group is featuring Operation: Haunted Block House...
 
 

THUNDERBOLT OF THE WEEK

Jessica Behrens 56th Medical Support Squadron Pharmacist Hometown: Seneca, Missouri Years in service: Three Family: Husband, Chris; daughter, Katelyn, 2; son, Levi, 5 months Education: Bachelor’s degree from University of Arkansas and doctor of pharmacy from Creighton University, Omaha, Nebraska Previous assignments: Pensacola Naval Air Station, Florida; Vance Air Force Base, Oklahoma; Spring...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin