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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 06, 1967
Page
11
Sylvia Porter explains new liberalizations under the Keogh Act of 1962 that boost tax advantages for self employed retirement plans. Individuals can deduct up to 2500 from earned income with tax free growth until retirement. start early in 1968 to maximize benefits and tie into existing plans via banks insurers or funds.
The article discusses how savings and tax breaks affect retirement planning for self employed people. It notes penalties for early withdrawals before 59½ and considers whether freezing funds 30 or 35 years ahead is burdensome. It suggests starting a retirement plan under the 1968 law for middle to upper income self employed without long term employees. Tomorrow: Securities.
The writer analyzes a trader's gains from Westinghouse Chromalloy and Reliance Electric, noting missed opportunities and the need to shift to a more conservative plan as family income drops. General Telephone remains a good long term hold, but frequent trading erodes overall growth potential over 18 to 30 years.
A fragment mentions choices and easing in and out, urging conservative moves. It references quality over speed in a discussion likely about finance or markets. No clear names or places are present in the readable text.
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