THE DETROIT JEWISH NEWS
Friday, May 9, 1975 3
pen s i o n .
Here s how you
can retireIn style'
under your own
personal tax shelter.
There's a new way for you to prepare for a
comfortable retirement . . . it's called "IRA,"
Individual Retirement Account, now available from
American Savings. - Under new Federal law, you
can now put away up to 15% of your annual
wages or $1,500 (whichever is less) in an IRA —
and deduct the entire amount on your income tax
return. In addition, interest earned on your IRA
is tax-sheltered until you retire.
And, because your dollars are tax-sheltered, you
can build up a surprisingly large retirement fund.
The only requirements needed to qualify are
these: One, you must receive compensation for
services rendered during the tax year. Two,
you must not have been a participant in another
pension program during the tax year. And
three, you must not-have yet reached age 70 1/2.
American can also show you a plan you may use if
you leave a job where you are participating in a
pension fund. That distribution can be transferred
to an American Savings' IRA tax deferred.
American Savings Association
24700 Northwe s tern Highway
Southfield, Michigan 48075
Yes, I am interested in American
Savings' new Individual Retirement
Account plan. (Please check one):
More questions? Why not come into one of our
branches or write for a free brochure that tells
you all about American Savings' new IRA plan.
Send me a free brochure
n describing the plan.
Send me a free brochure and
have an IRA representative
contact me soon.
Please have a representative
contact me immediately:
MN El I= MI IM MI I=
discover american... offices throughout greater Detroit.
Main Office: 24700 Northwestern Hwy., Southfield 48075 (313) 354-1300
19100 Livernois at W. 7 Mile Rd.
22401 W. 8 Mile Rd. near Lahser
13700 W. 9 Mile Rd. near Coolidge
BIRMINGHAM - BLOOMFIELD TWP.
4140 W. Maple Rd. near Telegraph
31300 Orchard Lake Rd. South of 14 Mile ..851-7222
36550 Grand River East of Halstead
25177 Greenfield Rd. near W. 10 Mile Rd. ..557-7840
20400 W. 12 Mile Rd. near Evergreen