20 MANCHF.STKH HF.KAl.l). SiiHinl;iV. Apiil 13. 1085 MANCHESTER CONNECTICUT U.S./WORLD WEATHER BUSINESS Course controversy GOP leaeJers meet Patient’s small chest Cloudy, wet tonight; turns to abortion to craft own budget makes heart fit tight milder on Tuesday ... page 4| ... page 2 Business Housing needs squeeze elderly ... page 3| ... page 7 _____ Piahorateelaborate —- but still vou.you, the parents, wowould In Brief If you' re among the countless millions of Americans have other people around. In that case, investigate "sandwiched" between your aging parents and home-matching programs. Public and PDvate growing children, one question you know you are agencies in many localities have programs I facing or will face: Where are your aging parents to Your match house-seekers and homeowners. Tkaczuk named to honor club live? Money's But suppose you, the parents, would like to Peter Tkaczuk of Manchester has been named "Most older people choose to stay in homes they An ECHO could provide the most to the John Hancock Mutual Life Insurance Co. already live in," points out Leo Baldwin, housing Worth arrangement. ECHO stands for Elder Cottage President s Honor Club. The organization is coordinator for the American Association of Retired Housing Opportunity, and refers to a iHanrbatfr U m ih comprised of leading sales representaitves from • Persons. But, he notes, even though it's a small Sylvia Porter manufactured housing unit installed on your emm s percentage, the actual number of people who move or property. An ECHO is entirely self-contained and can ....... * Mondav.Monday, AorilApril 15, 1985 — Single copy; 25<P the firm's nationwide general agency field force. Manchester, Conn — A City of Village Charm Tkaczuk is a member of the Connecticut need special housing arrangements is impressively be recycled; you can have it removed when you no general agency with headquarters in Rocky Hill large. longer need the unit. He was among 270 representatives attending the And when your family is involved, the actual Residents in rural or unincorporated areas win numbers really don t mutter The decision to move, or company’s anual I’ resident's Honor Club re­ certified financial planner and president of Financial have the fewest difficulties in installing an ECHO unit, cently in New Orleans stay put, affects the entire family. Whatever the says Leo Baldwin of the AARP, since local zoning laws choice, your aging parents may need financial Blueprints in Florham Park, N.J. As an elderly parent: You have a tax benefit if you can be extremely restrictive. assistance or require some other form of help. choose to move. You are permitted a.once-in-a- Isn’t ECHO a wonderful idea? As the parents, you NASA gives Heritage drawing has winner At the same time, middle-age children, squeezed retain your independence. As the children, you retain between helping parents and providing for children, lifetime capital gains exclusion of up to $125,000 if you Brad Thrall of Stafford Springs was the lucky are a homeowner aged 55 and older who has owned your peace of mind. And as the grandchildren, you need to find ways to ease the load. winner in the Heritage Savings drawing held and lived in your home for three of the five years prior have access to both older generations. d d Together, you can work out some methods of recently at the Hartford Home Show. To help you face your housing decisions, the AARP achieving the twin goals of providing comfortable to selling. The drawing was held March 31 at the Hartford suggests two pamphlets. The first, "'Housing surroundings and managing the financial burdens. You can invest this money, Goldstein notes, and use Civic Center. Thrall's name was randomly drawn the income that the investments throw off to improve for Older Americans,” can be obtained from AARP go-ahead for Should all this be elusive, the number of housing from over 3,700 entries. The winner, announced your lifestyle. Fulfillment, Box 2400, Long Beach, Calif. 90801. It s by Heritage Vice President Robert Mills, options available today still suggests that parents and free. The second, prepared with the Federal Trade children can lind alternatives to unworkable Say neither of these alternatives would work in your received a color TV. family's situation and say you — the parents — want Commission, provides checklists to assist you in situations. evaluating your needs. It’s called "Your Home, Your As a middle-age child, if you want to provide your to stay put. Then you might convert space in your home into an Choice" and can be obtained from AARP Fulfillment Travelers declares dividend parents with housing, and you can afford it, you can Section, 1909 ”K ” St. N.W., Washington, D C. 20049. space rescue buy a house and rent it to your parents. "If you're accessory apartment, assuming zoning laws permit. HARTFORD - The Travelers Corp. board ol An accessory apartment, a completely separate unit It’s free, too. wealthy, you can use this as a tax shelter, observes "Sandwiched" you may beandoften unhappy about "Coming up. probably the only time directors has declared a dividend of 51 cents per Laurence Goldstein, a specialist in personal tax in the house, can be rented to provide needed income and companionship. You can live independently but it. But how lucky you are to have the "problems of Bv William Harwood lo be demonstrated, 'shooting the moon' share on the company's common stock and 84.36 planning at Arthur Young of New York. 5 cents per share on its $4.16 Series A convertible not live alone. parents and children! Enjoy those problems; they’ll United Press International at 2.500 feet per second,” said Griggs, "In that situation, though, it s crucial that parents be gone too soon. describing a scene of him play ing with a exchangeable preferred stock The dividends on pay fair market rent," cautions Charles Lefkowitz, a Perhaps an accessory apartment seems too both the common and preferred stock are payable CAPE CANAVERAL, Fla. — Discov­ yo-yo in the crew cabin’s lower deck. June 10 to shareholders of record at the close of ery's astronauts were told today lo Seddon showed a spring-like Slinky business on April 30. prepare for a spacewalk Tuesday and slowly oscillating in midair, congres­ Dividends on the common stock were increased use a “ fly swatter" on the ship’s robot sional observer Garn tossed a paper for the ninth consecutive year to 51 cents per arm Wednesday in an attempt to save a airplane back and forth and Bobko share in January. The Travelers has paid Business inflation costly relay station stranded in space. demonstrated spinning lops. dividends on its common stock every year since "The mission management team has Back on Earth, engineers were 1866. just completed a meeting here and testing plans for a satellite rescue they’ve decided you are go for an EVA scenario that calls for the crew to build (spacewalk) tomorrow and a rendez­ the improvised "fly swatter" with a Hutchinson attends meeting is almost invisible vous (with the satellite) the day after plastic notebook cover with a hole in it John J. Hutchinson of Manchester, president ol tomorrow,” astronaut David Leestma to snag the satellite’s start lever. Hamilton Standard Federal Credit Union in Bv Denis G. Gulino plunged 1.9 percent, the biggest drop in told the crew from mission control. "As simple and as gross a solution it Windsor Locks, recently traveled toTampa, Fla , United Press International more than seven years. "OK, we'll look forward to that, EVA may sound like, it is probably one of the to attend a meeting of the National Association of The price report, although interpreted by tomorrow and rendezvous the day most intelligent ones we've come up Federal Credit Unions' board of directors. WASHINGTON — Wholesale prices some as a sign of weak demand, contained after," co-pilot Donald Williams with," Slone said. no threats of renewed strong inflation. The f I replied. The Syncom satellite, built by Hughes Hutchinson is chairman of the board. edged up just 0.2 percent in March, the The NAFCU board meets regularly to review government said Friday, suggesting that 0.2 percent increase at the finished goods , _________ _______ Ground crews spent the night perfect­ Aircraft Co. and insured for $80 million, and act on all reports and proposals submitted by inflation will remain weak in the months end of the supply pipeline was improved ing the rescue plan lo save the errant apparently failed to turn on Saturday ahead no matter what happens to the upon at the other end, where raw materials Syncom communications satellite, moments after its launch from the the association's standing committees. All ..... NAFCU policy decisions, including formal economy. just getting under way to consumers m u mi mi which failed Saturday after launch shuttle's open payload bay and re­ l^!ll Herald photo by Tarquinto positions on legislative and regulatory issues Other reports Friday did little to dropped in price by 1.5 percent. 4br -fbir fo r fo r . from the shuttle. mained stranded in a useless orbit. affecting member federal credit unions, are straighten out the confusion about whether The raw materials reading was even ftx>mand room an d room and room and rexxnana The plan, which will extend the handled at the board level. good times will persist, an uncertainty that more impressive by being the third -three- three Itiiw intae Put some muscle behind it shuttle's five-day mission to seven Please turn to page 10 has spread to Wall Street and foreign consecutive large monthly decline, likely (ncai6 mes\s meals ntoaVs Ronald Pirkey of Manchester and Frank Sellers of classes pushed and pulled their vessels through a days, calls for two astronauts lo go exchange markets.