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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 09, 1970
Page
12
A reader asks if seniors can buy a retirement home outright with savings of about 23000 at 3 percent while facing mortgage costs. Experts warn against hoarding money and suggest using savings to reduce debt, noting risks and emotional factors in aging buyers. Dr Gibb R Madsen, 40, named Hartnett College president succeeding William Faewood. term ends June 30.
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