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Show 1 RGtiremenl-An Age-OSd Problem The fact that comparatively few Americans provide adequately ade-quately for their retirement is supported by figures irom tha Department of Health, Education and Welfare which snow that 60 per cent of the 18 million people in this country who are 65 and over rely on public or private agencies or relatives for subsistence. All of which clearly underscores under-scores the importance of recognizing rec-ognizing that retirement planning plan-ning is a long-term proposition. proposi-tion. In building a retirement nest-egg, there are two other important factors to consider: inflation, which chips away at every dollar put aside, and a longer life span, which modern mod-ern medicine has made possible. pos-sible. . Mutual funds, which are themselves long-term investments, invest-ments, have helped many people peo-ple over the years to reach important personal goals. According to the Investment Invest-ment Company Institute nearly near-ly four million investors, individuals indi-viduals as well as large organizations, organ-izations, have some $35 billion of their money invested in mutual fund shares. Investing in a mutual fund is a simple, convenient way for individuals, regardless of economic status, to join others like themselves in becoming partners in American industry. indus-try. Mutual funds offer the investor in-vestor continuous professional management, at a reasonable cost, and incoi-Dorate the sound principle of diversification diversifica-tion through which one fund share may represent a proportionate propor-tionate interest in a fund whose assets are invested in the stocks and bonds of as many as one hundred or more corporations. Investment policies vary considerably from fund to fund. Some .seek primarily growth, some primarily income; in-come; others a combination of the two. With more than 300 mutual funds operating today an investor is certain to find a fund whose goals and objectives objec-tives are similar to his own. |