Carrol Daily Times Herald from Carroll, Iowa on November 22, 1967 · Page 5
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Carrol Daily Times Herald from Carroll, Iowa · Page 5

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Carroll, Iowa
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Wednesday, November 22, 1967
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Page 5
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Can You Afford to Retire? By The Associated Press Retirement, like graduation, Is a beginning as well as an ending. What the individual does with h i s after-working years can be enriching to himself and to other people — or it beer drink can be merely eking out an ex- tionalistic. istence. Part of what a person does with his retirement depends upon his own inner resources, of course — but, unfortunately, another part of it depends on whether he has enough money to live comfortably. Making a retirement plan at 21 is at best over-prudent. Making it somewhere at the midpoint in the life expectancy is the better part of wisdom. Two main dangers to beware: Assuming that the cost of living will be the same when you retire as it is now, and planning to live on a fixed income. West German Extremists No Threat to Democracy By LEON DENNEN (NEA Foreign News Analyst) NEW YORK - West Germans complain about an American television program in which they were depicted, according to Bonn's official news agency, as narrow-minded, unteachable beer drinkers and rabidly na- Questions to ask yourself when you're planning retirement: When am I going to retire? Is there a compulsory retiremenil age where you work, and do you intend lo stay there? Have you yourself chosen 65 merely because it's conventional? Ii you haven't decided yet, would it be wise to keep the date open for a while? (There are those who advise against ever retiring, and some people — often happy people — never do.) How much will I need to live on? Two factors enter here: your own standard of living, and the future cost of living. You haven't much control over the second, except to prepare for possible inflation. Over the first, you yourself are in charge. If you feel you'll always need two television sets, vintage wines and the best seats in the house, you'd better work to become a millionaire immediately. If, on the other hand, material things are relatively unimportant to you, you will probably be able to enjoy the profits your work brings you as you go along, and retire on a comparatively modest income. In either case, here are some possibilities of reduced expenses when you reach retirement age: Life insurance costs will drop. Mortgage payments will probably be over. Taxes will be reduced. Medical expense will be partially paid by the medicare program. Where will this income come from? It's important to have retirement income divided between fixed dollars, for safely, and growth dollars, to help combat inflation. The fixed dollars may be in bank savings accounts, bonds, annuities, anc insurance policies. A certain amount, of course, should be in a savings account earning interest where it's available for emergencies. Other fixed in come may come from social se curity and company pension plans. Variable income usually comes from investments, whether in stocks, real estate, or investment trusts. This kind of income is intended to offset the decline in the purchasing power of the dollar. It is supposed to grow, preferably faster than inflated prices. Even gilt-edged securities fail, and real estate values decline, but when they increase, they tend to increase at a higher rate than the cost of living. Many people, particularly the self-employed, are now using their banks for help with retirement planning. Some trust divisions of banks have, for example, set up plans authorized under the Self-Employed Individual's Tax Retirement Act, which give people who work for themselves the same sort of tax advantages enjoyed by corporate employees covered by employer-financed retirement or pension plans. Those who are not self-employed may choose to set up a living trust at the bank. Advantages: tax savings as well as the bank's specialized property management and investment service. The income continues during your working years, and funds are built up for retirement. Investment management Is another bank service that may be used with an eye to retirement. Those with a fairly large amount to invest may choose either an advisory account, where the investor gets the bank's advice and makes all the decisions himself, or a management account, where the bank makes the investment decisions. The CBS program entitled "The Germans" was certainly, one-sided and a superficial assessment of a nation that is an ally of the United States, a member of NATO and a key to Europe's defense. Of course there are nationalists in West Germany.' Even some leftist students who organize anti-American demonstrations are more nationalist than Marxist-Leninist. "If I were to say that I am a nationalist I would be denounced as a neo-Nazi," a student told me on a recent visit to Germany. "As a leftist I am welcomed and cheered by the liberal intellectuals in the United States, Britain and France. However, neither the vocal ist National Democratic Party— which scored distrubing, though minor gains in recent local elections — speak for a majority ol Times Herald, Carroll, la. Wednesday, Nov. 22, 1967 Germans who reached maturity since Hitler's defeat 22 years ago. They certainly do not represent the overwhelming majority of West Germany's young people. Like the younger generation in the United States, German youth, while enjoying the advantages of affluence, is also in revolt against conformity and constantly in search of new values. Does this mean that the youngster who used to bow deeply and click his heels when spoken to is a vanishing species in Germany? Is the code of authority, blind obedience and supernationalism dead? Here are a few of the answers I heard when I talked to West German youth: "The word Fatherland means nothing to me except cripples limping home from war," an 18-year-old student said. "I am against all wars," a young mechanic assured me in Munich. "Courage, honor, loyalty are not qualities to be learned in a soldier's uniform." An editor of a college journal School Star Printed Pattern Peter Kelly ' Paul Schoofs In College 'Who's Who' . . . Peter Kelly, son of Mr. and Mrs. Robert J. Kelly, and Paul Schoofs, son of Mr. and Mrs. L. G. Schoofs, both of Carroll, are among 25 Loras College students at Dubuque elected to membership in "Who's Who Among Students in American Universities and Colleges." Kelly is a junior and Schoofs a senior. Both are graduates of Kuemper and are economics majors. in Bonn said: "This idea of military virtue is all nonsense. Why doesn't anyone talk about a milkman's virtues? A leader of a Catholic youth organization was not opposed to all wars. But, he said, "If I ever have to go to war I want to be sure that what I fight for is worth fighting for. Not all young Germans are already imbued with democracy. I have also met youngsters who were convinced that "the flag of the Fatherland is more important than death." Remnants of the ideology which festered Nazism are still alive in Germany. In the United States, the democratic establishment is in no grave danger despite the existence of Communist and Nazi parties or the pro-Chinese Progressive Labor Party. But in post-Hitler Germany even the minor success of the neo-Nazi National Democratic Party is a danger signal that cannot be gnored. Nevertheless, it is an oversimplification to imply, as the BS program did, that Germany is a patriarchal society in which Hitler's dictum, "kitchen, children and church," is still the lot of the woman. West Germany of 1967 bears little resemblance to the Germany of the Kaiser or Hitler. No one can predict the future. But today the extremist voices, left and right, are not strong or loud enough to be considered an immediate danger to Bonn's democracy. The young German especially is now interested in his own destiny, as opposed to the national destiny. He does not even believe it worth-while to fight for a united Germany which is the great concern of politicians on both sides of the Berlin wall. What a majority of young Germans want is individual freedom. Their new faith, if anything, is an amalgam of peace, democracy, European union — and above all personal security. Around the Rotunda Would Use Social Security to Help Pay Institution Costs By Harrison Weber See how buttons on the curve cue In a witty aside. The simpler the better is a girl's feeling about the lines that follow, and we agree gladly. Choose cotton knit, ottoman. Printed Pattern 9398: Girls' Sizes 6, 8, 10, 12, 14. Size 10 takes 1% yards 35-inch. FIFTY CENTS in coins for each pattern — add 15 cents for each pattern for first-class mailing and special handling. Send to Marian Martin, Carroll Daily Times Herald, Pattern Dept. 25, 232 West 18th St., New York, N.Y., 10011. Print NABH5, ADDRESS with ZIP, SIZE and STY.L.K NUMBER. PLAN YOUR NEW FALL WARDROBE, send now for our new Fall- Winter Pattern Catalog. 100 fresh, exciting shapes in all sizes. Get one pattern free — clip coupon in Catalog. Send 50c now. HOLIDAY VISIT MANNING - Mrs. May Schrum will accompany Mr. and Mrs. Jay Bingham to Des Moines for Thanksgiving. Mrs. Schrum will be a guest in the home of her son-in-law and daughter, Mr. and Mrs. Robert Larsen. The Binghams will visit their son-in-law and daughter, Mr. and Mrs. John Hudgens and family. DES MOINES — Should a person committed to a mental health institute who is receiving social security payments pay at least part of the bill for his care and treatment? State Rep. Conrad 0 s s i a n, Red Oak Republican, thinks so. Ossian, member of the legislative interim committee, was disturbed to learn that 31 patients at the Glenwood State Hospital have more than $132,000 in separate bank accounts, most of it accumulated from social security payments. Five years ago these same 31 patients had assets of $66,000. The Red Oak businessman and farmer believes that a patient receiving social security payments should be allowed to keep a small portion of the payments for his personal needs, but that the rest should be turned over to the county from which the p a t i e n t was committed. These patients all have a court appointed guardian. Ossian quoted a state law which states that a guardian may pay for the care of a person committed to a state mental health institution, but it doesn't say shall. He wants the interim committee to investigate the situation and perhaps recommend to the 1969 legislature that the law be changed. George Orr, director of civil defense for the state, has outlined a proposal for evacuating the statehouse in case of an emergency. This proposal, which has been approved by the state executive council, calls for setting up emergency headquarters in the basement of the state office building in Des Moines. But the legislative interim committee has turned thumbs down on the proposal. Among other things, five people would have to be employed at a cost of $27,000 so the center could be staffed around the clock. The legislators wanted to know what these people would do with all their spare time. Their main purpose would be to summon state officials to emergency headquarters. The interim committee wants to know if it wouldn't be possible for some present state employees, such as state police radio operators, to man the warning system. The committee set up to make recommendations for improving legislative procedures apparently will, center its study in four general areas — personnel, which will include compensation of legislators, size of legislature and legislative staff, legislative analysis; this is to cover bill drafting, legislative printing, code editing, etc., facilities, which will not only Include facilities for the legislators, such as offices, but also facilities for the press and visitors to the statehouse. QivSffer wfible da/a glov/* y/ftfian earl\FTffank§&iVmg catt Don't keep the folks waiting for your Thanksgiving greetings—make your call early in the day and the happiness it brings will last all day long! Remember, Long Distance is the next best thing to being there. Northwestern Bell ELLERBROEK'S SHOES PRE-HOLIDAY CLEARANCE OUR ENTIRE STOCK OF WOMEN'S FALL and WINTER SHOES at DEEP CUT SALE PRICES DRESS HEELS CASUALS FLATS WALKING HEELS SALE STARTS FRIDAY BE HERE EARLY HERE'S THE GOOD NEWS YOU HAVE BEEN WAITING FOR . . . Now get your share of the bargains. A big big selection of our famous brand fall and winter shoes get the price axe. Don't wait... get here early and count on some terrific bargains. Ellerbroek's Shoes

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