These are different, GM bonds not GM stock. They are backed by the GM buildings and equipment. Totally not the same. Yes GM stock became worthless. This isn't the place for finical advice. Talk to your finical adviser. If you don't have one, get one.
What people need to see if that when they were working they got raises. I started working in college for $1/hr minimum wage. Now minimum wage is more than 7x. The 31 years I worked my wages increased over 7X. My mom died when she was 88. Her SS was a little over $600. When she first started drawing SS she thought she could live on that. NO WAY. People need to thing long term or you will be like my mom and brother. Living with your kids or in the poor house.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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