THE DETROIT JEWISH NEWS
May 7, 1976 3
No Pension?
Here's how to lower
your taxes until you retire...
and how to have the money
to"Live in Style"when you do.
If you work
foram employer
If you are
•
self-employed
but are not a participant in a
pension plan, we can show you
how to open an IRA (Individual
Retirement Account) through
American Federal Savings.
Under this plan, you can_
save up to $1,500 a year or 15%
of your wages,' (whichever is
less), in an IRA and deduct the
amount from your Federal in-
come tax return. In addition,
interest earned on your account
is tax-sheltered to make your
money grow faster than you
ever thought possible.
or own a business that is not
incorporated, we have a tax-
sheltered plan for you under
the Keogh Act. With the Keogh
Plan through American Federal
Savings, you can deduct up to
$7,500 on your Federal income
tax return and put that money
in one of our high-interests in-
sured savings accounts. Interest
earned on your account is tax-
sheltered until you retire and
begin withdrawing funds.
At American Federal Savings, your tax-sheltered dollars will be
earning the highest interest paid on savings in Michigan. And we
have a variety of accounts to choose from. Come to any office of
American Federal Savings for complete details. We can show you
how your savings will grow faster in an IRA or Keogh Plan com-
pared to a personal savings program. Our retirement plans can
make a nice difference in your retirement plans.
, Main Office:
24700 Northwestern Hwy.,
Southfield` 8075 (313) 354-1300
DOWNTOWN DETROIT
600 Woodward Ave. at Congress
963-3707
CLAWSON
1305 W. 14 Mile Rd. near Crooks
SOUTHWEST DETROIT
7719 W. Vernor Hwy. near Central
841-8442
OAK PARK
13700 W. 9 Mile Rd. near Coolidge
..... 547-7330
NORTHWEST DETROIT
19100 Livernois at W. 7 Mile Rd.
22401 W. 8 Mile Rd. near Lahser
14114 Telegraph Rd. at Schoolcraft
341.2828
538-6100
537-7550
BLOOMFIELD '
4140 W. Maple Rd. near Telegraph
626-2546
NORTHEAST DETROITN.,
20060 Van Dyke near Outer Drive
893-7180
EAST DETROIT
19080 E. 10 Mile Rd. near Kelly Rd
771-8840
435-4430
FARMINGTON
31300 Orchard Lake Rd. South of 14 Mile ... 851-7222
Grand River at Halstead (Farmington Towne
Shopping Center)
477-3103
SOUTHFIELD
25177 Greenfield Rd. near W. 10 Mile Rd
20400 W. 12 Mile Rd. near Evergreen
557-7840
358-2017
amencan
federal
savings
1