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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 06, 1959
Page
4
A 63 year old widow with modest assets asks about securing income. She lists $100 monthly retirement, $14,000 in building loans, $2,000 government bonds, a $1,000 life policy, a furnished home, 112 acres idle land, and $900 cash. Experts suggest selling land and bonds to buy a $24,000 annuity to yield about $133 weekly, plus existing income, with inflation considerations.
The fragment hints at concerns over long term Page A-6 Independent value and mutual funds. It suggests potential declines in $135 investments and questions whether mutual funds will protect buying power or require conversion strategies. The text is garbled but implies cautious financial planning.
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