Newspaper article The Topeka Capital-Journal

Conservative Approach Best for Man's Situation

Newspaper article The Topeka Capital-Journal

Conservative Approach Best for Man's Situation

Article excerpt

Dear Bruce: My Social Security income is $1,300 a month, and I collect $500 a month from an annuity. I have $5,000 in savings and recently sold land and have $15,000 to invest. I am 80 years old. What are your suggestions? -- M.P.

Dear M.P.: Taking into account that the $15,000 is well over half of your total savings, a conservative approach is the best. The stock market has any number of fine American companies that would certainly give you, on average, with dividends and interest, possibly 5 percent or $750 a year. I know it doesn't seem like an excessive amount of money, but 5 percent isn't an unreasonable expectation.

Dear Bruce: I understand the controversy over mandated Obamacare fees placed on diners at restaurants. I don't support Obamacare, and these fees added to restaurant bills make us all pay for a fraudulent health care program. …

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