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Newspaper
Tucson Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 15, 1977
Page
4
Pete and Helen, after 40 years in New York and Arizona, plan to retire at 63. They have $105,000 in nest egg plus $365,000 in savings and $40,000 in stocks, and $135,000 cash after selling their dress store. They lack a pension and tax free plan, so they must generate income and protect capital for daily living.
The article presents Merrill Lynch guidance to Pete and Helen on retirement planning, converting 40000 in stock into 8.5 percent bonds, or bond funds, and splitting a 65000 savings into emergencies plus 135000 business proceeds. It outlines a 35125 annual income plus interest, with a 1350 monthly level and a call to seek a free guide.
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