European Stars and Stripes (Newspaper) - January 22, 1990, Darmstadt, Hesse                                E goal is College educations for sons Judson jr., 16, and Marcus Alan 7. No ahead Estment plan even better. In. In stories by Randy Mcclain financial writer Twenty three year army Veteran Judson Walker believes it takes patience to get ahead financially. My idea of saving Money is Long term. Sonic people want higher risk investments and that s Okay if you have the Money to lose Walker said. But i Don  Walker a chief warrant officer 4 with the 51stmaint in in Mannheim. West Germany said his major goals in life arc to pay for the College educations of his two sons 16-year-old Judson or. And 7-year-old Marcus Alan. Walker and his wife. Florence plan to return to the United Stales within two years when their eldest son is ready for College. Walker wants to retire from the army a few years later and open a business of his own. Perhaps in his Home stale of Tennessee. I d like my wife and i to be financially Independent in our Golden years the 42-year old Walker said. He s been working toward that goal for More than a decade. Walker owns Many shares in Pioneer ii Mutual fund a relatively conservative investment that has increased in value 125 percent in the past five years and almost 400 percent Over the last decade. Walker has made Pioneer ii the Cornerstone of his financial holdings. He has $35.000 invested. I started out several years ago investing $25 or $50 a  Walker said. Today he puts a average of $500 per month into the Mutual fund. Walker has about $ 1,000 a month he can Seaside for investment. Walker also has a Small amount of Money in . Savings Bonds $4,000 in individual retirement accounts for himself and his wife. $5,000 in a Bank savings account drawing 5.5 percent interest and about $1.500 in a second Mutual fund american capital Pace. Pace is considered a Good pick for Long term growth. Walker also has taken out a life insurance policy on his entire family and he owns a $45,000 Home in Brownsville Tenn. I like the idea of diversifying investments Walker said. I believe in the old saying Don t put All your eggs in one  Walker said he s seen too Many soldiers scoff at the idea of planning for the future. It seems simple to me he said. You be got to have some Type of vision for the future. But a lot of 20-year-Olds can t look Down the Road that far. They want it All today. They re not willing to plan for  s advice every military family should Start saving at an Early stage in their career even if it s Only putting aside $50 a  Mark Kelly interest International inc., Mannheim West Germany. Like Many couples the walkers arc juggling a number of financial goals. Trouble is they May not be Able to meet All of them at least not wit their current portfolio. Sending kids to College opening a business after retirement from the army and possibly buying a new House in the United Stales in a few years All Are desirable goals but they Cost a lot of Money. Kelly said anyone thinking of College for their children should Start planning How to pay for it Long before a youngster s teenage years. The walkers elder son is 16. And he has expressed an interest in attending Duke University an expensive College in Durham. . Duke costs around $16.000 per year the financial planner said. Two years Al the school and the family s savings for the last 10 years could be totally wiped  Al this stage applying for so Udint Loans or educational Grants might be the Best Way to finance the 16-Ycar-old s education he said. But for he walkers 7-Ycar-old son there s Lime. Kelly suggests a two pronged financial attack. The walkers should Start investing in a growth Mutual fund Likely to bring a 15-Pcrcentaverage rate of return Over a period of years and a limited partnership that invests in government backed residential mortgages. Kelly s picks i capital mortgage plus a limited partnership that holds federally insured mortgages and 2 amen capital a growth Mutual fund with a five year return of More than 125 percent. One catch with capital mortgage plus is thai the limited partnership requires a 10-yearcommitment, and in arc arc penalties for Laking Money out Early. Kelly reasons thai the walkers can afford to lie up some Cash for a decade because it s to be used for the education of a child who won t be ready for College until the year 2001. The planner said capital mortgage plus should return Between 8 and 11 percent annually. Retirement is another goal the walkers should be concerned with. Kelly suggests the amen flexible annuity an investment vehicle that works within a family of five Mutual funds. Included arc funds thai hold stocks . Government securities and corporate Bonds. Such diversity protects the investor Kelly said find the income is tax deferred much like with Anira. Capsule comment anyone with a wide array of financial goals should Start planning How to achieve them Early in life or they run the risk of falling Short of where they d like to be. Where to invest amen flexible annuity for Walker s retirement capital mortgage plus and amen capital Mutual fund for the younger son s College education. Three possibilities for the 16-year-old s College years Are the Kemper Money Market fund Putnam High yield Trust corporate Bonds and amen growth Mutual fund. Kelly did not suggest investment amounts. January 22,1990 is financial planning guide 11