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â€"T idâ€"biz The Game With No Name launched B.F. Goodrich purchases Alberta plant B.F. Goodrich Canada Inc. has purchased a polyvinyl chloride (PVC) manufacturing plant at Fort Saskatchewan, Alta. from Diamond Shamrock Chemicals Company and NOVA, an Alberta Corporation. The Game With No Name, Canada‘s newest and innovative parlor game, was launched recently at a special children‘s luncheon at Toronto‘s Bermuda Swartz. The facility, constructed in 1979, was operated by Novacor Chemicals Ltd. It employs about 100 people. S Its creators, David and Valerie Porter of Kitchener, are certain they have a winner. "We have already sold 10,000 units to three national claims; currently, have orders for 20,000 more and we are now up for an additional 60,000 units before Christmas," said David. ‘"This facility provides BFGoodrich with a manufacturing presence in Western Canada and presents opportunities to better serve our customers and their growing marketplace needs," says Frank Hovey, vice president and general manager â€" chemicals. Described as a parlor game for ages eight to 80, The Game With No Name is a combination of different types of rummies, canasta, poker and bridge. Two to six people can play it using the scoring sheets, dice, dice cup and bilingual instructions contained in the six by four inch rectangular box, retailing for $15.95. Porter‘s target is to produce between 200,000 and 300,000 units for North America in 1986 and to "go worldwide" in 18 months. So far, the prospects "look good." â€" Toronto man acquired two fitness spots Harvey R.J. White is the new owner of Gold‘s Gym at 265 King St. E., Kitchener and the Waterloo Women‘s Club in Waterloo Town Square. He has been in the health and fitness field for 20 years, primarily in marketing and management. A Toronto businessman has acquired two major health and fitness operations in the Kitchenerâ€"Waterloo region. _ White said he plans to continue to operate both the Gold‘s and Waterloo facilities in their present locations, but is also planning to expand his holdings into "the largest health and fitness centres in the Kitchenerâ€"Waterloo Region." He describes the fitness industry as one of the fastestâ€"growing industries in Carada today and said his proposed health centre expansion program would fulfill a growing need for more firstâ€"class, fullâ€"facility clubs in the Region. An announcement of his expansion plans can be expected early in the new year, he said. WATERLOO CHRONICLE, WEDNESDAY, DECEMBER 11. 1985 â€" PAGE 11 Same income â€" tremendous difference (NC) â€" "Wow, I feet great", explained neighbor A., "I‘ve just found someone who will pay me 12% on a mortgage, interest only, for the next 20 years on the $100,000 I got for my house. Tell me Mr. B, what rate of return are you getting for your house money?" "Well .. ." replied B., "My rate of return varies year by year, but it just so hapg:ns I‘m taking an income from my $100,000 of 1% per month, paid to me every month, which is 12% per year, same as you are receiving." â€" hk "I don‘t understand," said A., "You are getting the same monthly "inâ€" come" that I am, but you don‘t know what your money is earning?" Up to 40% . . . "That‘s right," B replied, "But based on past perforâ€" mance, I can expect that some years my investâ€" ments in mutual funds will earn 20% and up to 40%, and I know there will be some years with very little gain, or even a loss. But past perâ€" formance of the mutual funds I am in have proven that they average over 15%, some as high as 20%, given 10â€"year time spans." _ "Sounds risky to me" repâ€" lied A. "I think I‘ll stick to my guaranteed return of 12%. We both have our penâ€" sions of $10,000 per year, combined with our $12,000 income from our $100,000 house sales. giving us $22,000 a year. Boy.ain‘treâ€" tirement grand!" Who do you think was the smarter, A. or B?" And ... in fact, did they really both have the same income to spend?" _ 2l _ Think about it, before you answer. Think about it from a tax point of view.. With that pension inâ€" come of $10,000 per year, and that investment inâ€" come of $12,000 year, they would both fl:rin the 34% tax bracket on the latâ€" ter part of theirincomes.So, shouldn‘t they both enjoy the same standard of living in their retirement?" A.‘s interest income was fully taxed, and at the 34% tax level, he lost over $4,000 per year to taxes, on his "guaranteed" 12% interest investment. B., on the other hand, went on a "monthlv withdrawal plan" of 1% per month (12% per year) and that income came to him completely tax free, espeâ€" cially since the May 85 budget with its lifetime capâ€" ital gains exemption of $500,000. The answer is a resound ing "no‘"! â€" More to Spend Does that mean he has $4,000 more per year to spend than A.. because he pays no taxes, whereas B pays over $4,000 on his inâ€" * Life * Auto/Boat * Homeowners * Business JOHN LABRE or GARY WINGER Sears, Waterloo Town Square The Staff and Management at Bâ€"K of Waterloo, your local BMW and Volvo Dealer, are pleased to welcome John to their Sales Staft Come and see John for a Super Deal on a New or Used Car! Your Volvo â€" BMW Deater IT‘S YOUR MONEY Paul J. Rockel 15 University Ave. E. 885â€"5090 APPOINTMENTS Maybe I can save you some money on insurance Before you buy, let‘s compare. Alistate You‘re in good hands. Sales Representative Call me and compar The House That Service Built JOHN JANZEN OF WATERLOO m p} Actually, B. has even more to spend A. has to pay tax on his combined penâ€" sion and investment inâ€" come, whereas B. pays tax only on his pension income. Therefore, Ee is in a much lower tax bracket, and doesn‘t pay as much tax on that pension income as A. vestment income They do have the same ‘income‘, but there is a treâ€" mendous difference in theit individual spending power. Which of them do you think was the smartest? P.S. â€" If this had taken m 21 years ago, and now were to die, A. would still have his $100,000 guaâ€" ranteed investment to leave, whereas B‘s. nonâ€" guaranteed investment inâ€" the Templeton Growth Fund would leave over $800,000 to his estate. _ For a FREE example of a ‘Mutual Fund Withgrawal Plan" over the past 21 years, ask for “Templeum 12% withdrawal" and write: Paul J. Rockel, 153 Union St. E., Waterloo, Onâ€" tario, NJ 1C4. Paul J. Rockel is President of Regai Capital Planners Lid. and of the Independent Inâ€" vestment Fund Dealers Asâ€" sociation of Canada. 746â€"1080 See or phone ADVERTISEMENT H 9n