Financial Bed Bugs Still On The Rise

Picture of Mark Kenison, CFP, EA

Mark Kenison, CFP, EA

Worldwide media continues to report that cases of bed bugs are still on the rise.  These nasty little creatures are turning up everywhere from hotels, apartment buildings, commercial buildings, and of course residences.  Bed bug bites can be very itchy and irritating, and difficult to diagnose.  They usually appear as small red bumps in groups of two or three.  This is what makes them difficult to diagnose because they look just like mosquito bites or spider bites.  Bed bugs are very small, although they are visible to the human eye.  They mostly come out of their hiding places at night when you are asleep, and they are hungry!  They can sense and are attracted to your breath from up to about 50 meters, and they will make their way towards their victim.  And the worst part of a bed bug problem is that they are very hard to get rid of without hiring a professional exterminator, which can be very expensive.  In some cases it may be cheaper to throw out old furniture and just replace it.

What can you do about it?  If you’re thinking of traveling and will be staying in a hotel, it may be a good idea to check the www.bedbugregistry.com first and see if any reports of bed bug bites have been made at that hotel.  You may also want to reconsider buying used furniture such as beds, couches, and chairs.  Bed bugs like to hide in fabric nooks and crannys, but they are not limited to fabric habitat.  If they get a ride home on a used couch, they can and will travel through your carpet and make their way into other rooms in your house, and they will soon start to multiply.  Bed bugs can reproduce at a pretty amazing rate.  Adult female bed bugs will lay about a dozen eggs per day.  In as little as 2-3 months you could have over 1000 bed bugs crawling around your house, and about half of them would be females.  Waiting for the problem to go away will not help, it will only get worse as time goes on.

Bed bugs don’t care who they feast on, they don’t discriminate at all.  If you can fog up a mirror, you’re a potential meal!

What does this have to do with my financial plan?

Everyone who is planning for retirement, or is currently retired is prone to financial bed bugs.  Financial bed bugs are sneaky little pests that can wreak havoc on your retirement plan.  They can be difficult to see and diagnose.  But with the help of a professional who knows what to look for, and who knows how to correct the problems, you can easily get your plan back on track.

Financial bed bugs can include issues like stock market losses, capital gains taxes, high management fees, high trading costs, poor investment performance and an investment advisor who doesn’t understand your situation.

If you think you might have a few financial bed bugs lurking somewhere in your life, call us today at 1-866-983-4222 and let’s talk about it.  Don’t stand by and suffer through pain and agony while you wait for your problem to go away.  Just like with real bed bugs, waiting only makes the problem worse, and more difficult to correct.  The best thing to do is to take action now!

Ready to help you with whatever finance problem you have

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