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Cedar Rapids Gazette (Newspaper) - April 8, 1974, Cedar Rapids, Iowa For Beffer Health "Aren't you taking any he Investor's yuide By Sam Shulsky a man, 65, no heirs, plan to leave any estate to cha ity. I'm trying to decic whether to take a monthly ai nuity. payout (10 years certain of about 9.6 percent from mone I have with insurance compc nies, or take the cash and inve. it myself. Brokers tell me buy securities; insurance me tell me to take the annuity. Ca you please throw some light o this? can do some arithmetic. If you put the entire sum inl high-grade bonds today yo could realize a return of abou percent. (You ask me no to divulge amount of principa or monthly payments although I assure you, your letter is onl one of many every month whic asks the same question.) The bond route, of course would preserve your capital for ever. The annuity would run ou with your life. Frankly, for the difference o about percentage points I'i prefer to take the cash. If ir five or 10 years you change your mind you can always gc back to the insurance company and buy an annuity wit! a higher payout. One more important point: I you are going to leave this money to charity anyway, de termine whether your favoriti charity also offers annuities Such an annuity would assure you of a lifetime income, givi you an immediate tax credit and assure you that your money will wind up where you want it to wind up. 'does one take credii on his tax form for accrued in terest he paid when he bought a i A The IRS tells me that you deduct the interest you paic from the first interest check you receive (or the first coupon you If it is a registered bond anc the corporation has filed a 1099 on the interest it sent you, it might .be a good idea to attach an explanation to your return to make clear why you have re- duced the amount -of interest received. understand that invest- ments in bankers acceptances, commercial paper and treasury bills must be in substantial amounts. How can a small in- vestor get some of this "ac- A I've always entertained considerable doubts about small investors keeping money in short-term obligations because I doubt they can maneuver quick- Sam Shulsky ly enough and take advantage of .interest rate or market changes. However, three mutual fund organizations h.a v.e recently gone into this field and those ifr ;erested might ask Reserve Fund, Dreyfus Liquid Assets and Money Market Manage- ment for their prospectus. Q I followed your advice couple of years ago and xmght high grade bonds yield- ing 7.G percent. I still hold them although their .original price of par has dropped to the mid-90s. Also, not following your advice, I bought some stocks which are now down 50 percent. What do I do now? A You evidently bought the bonds for income which is what Ihey ing. Since top quality bonds are low yielding about 8 ilus, your bonds had to come lown in price a few points so hat their yield Jnoved up to the market level. Dp nothing but continue to cash your interest checks. As for the junk stocks sell ut, take your tax loss and put be money to work providing vhat you require: income. Q If a bond is selling at 0 at the end of the five-year no- all it in at 90 or pay par value? all it in a 90 or pay par value? A All redemptions arc at or above. And if a quality xmd is selling at 90, you can be uite sure that it is because the oupon is below current rates nd that, therefore, it would not ay the corporation to call it in. LAFF-A-DAY ;Who do you love most, Mom, me or that old vase you used to ave in the living says 'ALL EXCLUSIVE DIAMOND GLOSS COLORS CHOICE OF ANY 1 COLOR-INCLUDING COSTLY REDS t METALLICS ANY CAR -ANY COLOR BODY FENDER REPAIR with tvciy Eiil Scheib piirit job: STILL AMERICA'S BIGGEST BARGAIN CEDAR RAPIDS DAVENPORT DESMOINES 1000 2ND AVE. S.E. 810WESTRIVERDR. IIIOLOCUSTST. 366-7144 324-0631 286-6526 Hypnosis Can Be Useful In Medicine, Psychiatry By Dr. S.L. Andaman I live side effects and is not ad- Hypnosis can be a very useful dict've' fool in medicine and psychiatry. No one knows how it works, but in some way the functions of the nervous system of susceptible subjects respond to the hypno- tist, who represents authority. Hypnosis offers virtually no dangers except when used by an unqualified person who wouldn't recognize an erupting psychosis. Therefore, no one should allow himself to be hypnotized without knowing the qualifications of the therapist. In some cases hyp- nosis is just as effective as drugs, yet it produces no nega- Suggestions A physician trained in hypno- sis can use it to dissociate the subject from the sensation of pain, obviously of value in ob- stelrics, dentistry and certain other surgical conditions. The hypnotist may even suggest to the patient that minimal bleed- ing take place during these pro- cedures. And he may relieve postoperative discomfort and speed recovery time. Hypnosis has been used with terminal cancer patients to alleviate pain when drugs are no longer effec- tive. beneficial in psychotherapy. It has great value in treating patients with amnesia, in study- ing childhood influences through suggesting age regression, in recalling significant memories Though there is still prejudice against hypnosis, it's especially method, childhood traumas that have been consciously forgotten by the patient can he un- covered. Posthypnotic suggestions (those given during hypnosis but carried out at a later date) symptoms (organic symptoms caused by mental Recall react as he did then. With this Dr. S. L Andelman and in treating conversion are valuable when properly worded by the trained therapist. The patient's unconscious mind can be reconditioned in a posi- tive direction. Whenever a con- Age regression and-or recall dition or disease is psychoso- of Medical Hypnotists, can be accomplished with hyp- matie, there is a strong possibil- nosis when the wishes the subject to return to any age in his childhood and ity that through hypnotic sug- Hundrcds of physicians and psychologists train in hyp- notherapy each year through the American Institute of Hyp- nosis and the American College Dr. Andelman welcomes let- gestion the patient may be guid- ters outlining problems which ed into curing himself. ihe may discuss in future col- umns. He regrets, however, that he cannot personally answer mail.' Write to him in care of The Gazette. Keep your home cool this summer with RUSCO WINDOWS and DOORS Don't yours earlyl 364-0295 515 8th Ave. SE Save money on an NS Electronic 6-Digit Calculator when you save at Merchants National'Bank. This new Mini-Calculator can add, subtract, multiply, and divide instantly! Battery-operated, it fits in your pocket or purse. 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