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” Goodies, goodies “What do you thrrth the average rate of irtnatiort will be over the next 35 years?" I asked They though! tor a minute. re- “1an that in nu infUtimt had hem wrestled down to I then asked. “Do you know what intution i0" l received the answer that it was "the irtrreaare in the post of living. usually ral Poland on a yearly buds." Who Mod. it? Perhaps you feel the same. that you will never need a million dollars saved a? for your retire ment A ter all. who wants to live better in retirement than they live today" Readers are reminded that carriers will be making their April monthly Voluntary Paid collections beginning tonight. Six lucky winners will each receive a $50 gift certificate to dine at the Galleria at the Walper Terrace. Each winner receives a $50 grocery voucher to Dutch Boy Food Market to use as they please. Winners are: D. Lapp of Stanley Dr., B. Needham of Alexandra Ave., J. Fisher of Longwood Dr., M. Prioreschi of Castlegate Cr., P. Robinson of Northlake Dr., and J. Tank of Lodge St. They were an years old, I had shown them that by simply putting ".000 a year (until age 65) into his RESP. he would end up with a value of over " million. assuming a rate of return of Is per cent (which we in the mutual fund industry consider as “nor mal" despite the tact sev eral funds have averaged over an per cent and 25 per cent over the past lo years), At Monday's city council meeting, Shor» It will be time to stock up on picnic goodies if the weather holds up - and six lucky Chronicle readers got a head start on paying the tab by being winners of our March Voluntary Paid circulation draw. . With the improving financial fortunes of Kitchener Transit, now is the time to consider expanding bus service in Waterloo, says Wa- terloo Aid. John Shor- treed. not spend all Eur mono; now. and worry about the future later?" I recently showed young couple how to I come millionaires. And I got the stock an- swer. "Who needs I mir lion dollar_s a.t.age 6S? Why Inflation gets us all in an open letter to the Premier sent last Friday, Epp offered to meet with Miller during a PC campaign stop in Waterloo. "While you have already turned down a request for a debate on television in a sterile studio situation. your visit affords us an opportunity to debate these critical issues directly in front of the people," he wrote. Saying that the issues of this election are too important not to have a public discussion, Epp has offered to appear "anywhere in the province, at any time." to debate Miller. Twice rebuffed, incumbent Wa, terloo North Liberal Herb EPP hasn't given up his goal of debating Premier Frank Miller before the May 2 election, Chronicle Staff 'quest for a debate on television in "Would I have spent today brief- sterile studio situation, your visit ing up on policies to make sure I was Tords us an opportunity to debate fully prepared. if it were a publicity lese critical issues directly in front stunt?" he asked. "If it were just a 'the people," he wrote. stunt, I wouldn't have shown up Because the Premier had not here" Direct transit surplus to O I Improvements: Shortreed Debate request no stunt, says Epp We hate to thine of re “roman. and when we finally do approach mire meal. we think ot our Most of us choose not to "think" of these thines. possibly berause we don't understand them, or We hate to realize the can mixtures of what trunnion does lo our income, " shocked them to learn that being millionaires 35 years from now would no! provide them with enough income to maintain their standard at lixing So I used my handy calculator to discover that tt million 35 years from now. assuming an annual inflation rate of six per cent, would have the same spendable (apathy as 3130.000 today. Yes, $130.00)? Invested at In per cent, this would only give them earnings of $13,000 in today's dollars. whereas they both agreed they'll need at least 320300 to "get by on" in INS _ somewhere between tour Ind five per cent. but they felt it would rise again, and probably average six per cent a year. treed proposed that municipal staff meet with transit officials to examine whether it is possible to initiate route improvements and stay within the proposed 1985 budget. He argued thai in- creased ridership, IT‘S YOUR MONEY Paul J. Rocket The Waterloo North Liberal said one of his campaign aides talked to event organizers in hopes of getting Miller to appear, but got nowhere. Epp said he was "very disap- pointed" by Miller's rejection of the proposed debate. He stressed his suggestion was not made as a stunt to raise the profile of his election campaign. However, said Epp later while he was waiting at the front entrance of the Waterloo Inn with the media. "the Premier slipped in the back door" responded to his challenge, Epp showed up at the Waterloo Inn Monday prepared tor the debate. PadJ.MoH-Wol log-l Could Plum. Ltd. and a tho W " .qqtqtqot Fund Dunn " MUM. unleu we rr?,?,',',' F'or a F EE pavlugo of iovestment {and informs lion write: Paul J. Rocket, I53 Union St E . Waterloo. Ontario N2d tC4 imléu we I Yes, innation can, make pagpvrs out ot all of us. You] and our. How many reople do you know who tee romtortaNe in their retirement? That couple retiring today on 320.0“) annually?“ need almost “Hill! a nunlly " years from now. to main lain the urn? standard of living" And they tell us that ah males, if we reach no " We will live In average of " more years (females even more) We've " run across peo- ple retiring now who are smug and happy in that they have arranged their attairs so that they can now retire with an annual in- come of 820,000 per year, They "have It made" (they believer ( income only in today's terms, Among improve- ments Shortreed has in mind is an expanded Route 9 service to the city's east end and eve- ning service on Route “I think the improve- ment in the financial picture of transit ser- vice behooves us to produce improvement in service, rather than keep that money as a budget surplus," he said. Shortreed pointed out that Waterloo bus routes experienced a significant increase in ridership last year; seven per cent on Route 9; six on Route 5; five per cent on the Mainline. lower operating costs, plus added revenue re- sulting from last Sep- tember's fare hike, means Kitchener Tran- sit will experience a surplus this year. pos- sibly amounting to hundreds of thousands of dollars. Shortreed believes this money should be used to im- prove bus service in Honda Roar Tina Tlllav Honda Roto mm (2 hp) Honda Role Tlllav Is hp) Lawn Dalhatchav Pow Mtatov Hanual karate! Lawn SW Lawn Rollo: (150 lb.) Lawn ROM (300 lb.) Gas Lawn Edgac “J Baa Lawn Mow (will. no. bag - sun Rial Bag Sou-Provo!” Lawn Moi-r Gas Wood but Baclrlc "coca cuppa: (srtth str can! add $3.00) Gaa Nadya cam Tm Low" - t2' "who Saw. Hand Shun - Mt" Senna Wm Rake 'ttorst, Pick. sup. Pry an (0a.) Fanlllaav Savanna! 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