24 Dec 1970
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 24, 1970
Page
1
Reader asks about taking a lump sum pension of 108000 with taxes 16500 and tax exempt bonds. Column advises on 8 percent bonds vs 5 percent tax free, tax effects, and where to place 16500 for taxes. Also discusses treasury bonds due 1972 and dividend tax exemptions. Then essay on dollar averaging in a mutual fund over 10 to 15 years for retirement.
A reader asks if a $10,000 bond investment is good and whether to switch to higher coupon bonds or to growth stocks. The advisor notes the bond likely yields about 7 percent and suggests if income is not needed now, long term growth stocks suit a young couple. Written questions are welcome to The Gazette via Sam Shulsky.
Boston AP Dr Paul Dudley White an 84 year old cardiologist known for Eisenhower treatment was reported in good condition at Massachusetts General Hospital after a heart attack described as a very mild coronary thrombosis with no muscle damage. He has promoted daily exercise and moderation and has practiced what he preaches.
Fungus infections of skin and nails arise after skin injury allowing entry from soil or decayed wood. Prevention hinges on cleanliness and keeping feet dry. wear clean socks daily. Treatment varies by fungus, but antifungal drugs from a doctor may help and recurrence can be reduced by hygiene.
Peking objects to a Soviet claim of an agreement on navigation along boundary rivers. The New China News Agency says the Joint Commission for Navigation on Boundary Rivers met July 10 to Dec. 19 and planned to reconvene in 1971 in the Soviet Union, but no agreement was reached on the issues discussed.
Cpl. Steven W. Barrette son of Mr and Mrs Robert L Mc Fall 4420 Bowling street SW received the Navy Marine Corps Medal for heroism at Cherry Point N C on April 14 He pulled a wounded marine from flames and evacuated other trucks saving lives and property A Prairie High School 1967 graduate Barrette was not seriously injured Also notes servicemen on leave and new enlistees including Airman Dan Baughman Pfc Bryan K Matson Air Force Capt Dennis D Teeter Pvt Dennis Northland Spec 4c Ronald Salome Lackland training for Gary Netolicky and John J Benderstadt and honor man David E Sander at Navy Recruit Training Center San Diego
Jozef Cyrankiewicz steps down as Poland's prime minister and takes a ceremonial president's post after a Sejm meeting. Piotr Jaroszewicz becomes premier, with Edward Gierek announcing the shakeup amid price-rise protests and a two year price freeze plan.
Vatican City AP report says Catholic and Jewish agencies on interreligious relations held four days of talks on joint cooperation to improve Catholic Jewish relations worldwide. The talks were led by Rev Jerome Hamer and Rabbi Henry Siegman, with representatives from major Jewish bodies.
Hazel stars as Santa's Helper in a Christmas program airing at 6 PM Thursday on KCRG TV Channel 9. The colorful broadcast promises merry celebrations for viewers and families.
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