Financial planning tips amid debt and limited savings
A reader with 87 years, a $25,000 mortgage on a $40,000 house, $7,000 other debt, zero savings, and stock holdings seeks a solid plan. Advice stresses building a savings cushion first, then eliminating debt, and gradually shifting to solid stock investments rather than speculative picks. It also answers questions about dividends, mutual funds, tax-exempt bonds, and E to H bond tax deferral with clarifications to common misconceptions.
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Gazette requests from Sam Shulsky for information
Reader attention is drawn to a notice stating that Mr Shulsky will provide further questions or clarifications through a designated column. For inquiries on corporate and tax exempt bonds please enclose a self addressed stamped envelope addressed to Sam Shulsky at the Gazette.
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Millionaire Mayor Lastman Brave Walk Draws Big Pledges
Toronto officials report Mayor Mel Lastman faced a grueling 27 mile charity walk amid criticism of the event. Despite his complaints, sponsors pledged over 1300 dollars as Lastman vowed to walk at least four miles while joking he might donate 1500 if he cannot finish. He prepared with boots, socks, and foot care items.
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