Safe Investment Advice for a 65 Year Old Retiree
A reader asks whether to take a $50 monthly annuity from a paid up life policy or take $9,000 as cash. The column favors taking the annuity for lifetime income though it notes no heirs’ share if the non refund option is chosen, and also suggests cash could go into insured Savings & Loan or bank accounts around 4% to 4.5%. It cautions against stocks for a widow and warns church bonds and high yield corporate bonds require sophistication. Overall, the recommendation is to avoid risky bets and target 4-5% from safer investments.
MENTIONED IN THIS ARTICLE
Savings & Loan
Ings
Boy 17 Heroic Save Prevents Girl Ten Foot Fall
In MENTONE a Baptist Church youth acted quickly to avert disaster near Redlands. Kathy Troup, 15, fell 20 feet into a pool during a Big Falls hike with Central Baptist Church members. Chuck Ridgeley, 17, shielded her, taking the impact and suffering minor cuts, and authorities say her death might have occurred without his intervention.
MENTIONED IN THIS ARTICLE
Mentone
Baptist Church
Redlands
Kathy Troup
Anaheim
Big Falls
Central Baptist Church
Chuck Ridgeley
Kathy
Ridgeley
Miss Troup
Obscene Book Charge Dismissed by Superior Court
A California judge dismissed a grand jury indictment charging Milteon Lurns and Reuben Sturman with conspiracy to publish and distribute obscene books. The ruling cites a US Supreme Court decision that protected works like The Sex Life of A Cop as not obscene, nullifying the charges.
MENTIONED IN THIS ARTICLE
Los Angeles
CNL
Bernard S. Selber
United States Supreme Court
Milteon Lurns
London Press Publishing Co
Reuben, Sturman, WM
World Wide News Inc
Cleveland
Grand
California Supreme Court
U.S. Supreme Court
Youth Program to Host Picnic in Agoura for 700 Eastside Kids
Los Angeles Mayor Sam Yorty announced the Summer Youth Program will sponsor a free day long picnic for 700 Eastside Los Angeles youngsters in Agoura on August 29. The event is supported by Robert Leberman of Picnic Planners Inc., a division of Permiere Caterers, as a public service.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Sam Yorty
Agoura
Robert Leberman
Picnic Planners, Inc
Permiere Caterers
Also Mentioned on This Page
Royal Bank Sav
Ferniers
A-Ok Commission Gallery
West ST
Garden Grove
Burk's
Philco
Philco Olor TV
Philcs
Solid State Stara
Steven Phane
Burk
BURKS
OLD Tv
Long Beach Blvd
Phece
OPE Mattress CO
Éssa
Fieldcrest
Rk Ee
Lakewood
Torrance
Downey
BE Neeth
Long Beach
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!