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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 09, 1968
Page
21
A reader critiques the retirement test and rising taxes while highlighting large non pension Social Security and Medicare benefits. The piece notes survivors and disability options, Medicare coverage at 65, and low cost Medi care insurance, urging acknowledgment of these entitlements beyond monthly pensions.
Washington reports that Nixon faces a shaky fiscal outlook as inflation fights, Congress may let the 10 percent surcharge lapse in June unless he asks for an extension. Mills warns of tight budgets and potential tax changes while weighing tax credits and welfare links.
The advisor explains that tax deductions from mortgage interest do not offset the cost of interest. Even with deductions, paying mortgage interest and taxes on savings income leaves you down unless your savings earn more than your mortgage rate. The key is earning more from investments than you pay in interest.
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