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December 23, 1977 - Image 13

Resource type:
Text
Publication:
The Detroit Jewish News, 1977-12-23

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE DETROIT JEWISH NEWS Friday, December 23, 1977 13

"Retirement means everything to me,
that's why I planned for it."

Some people put off planning for retirement
until it's too late. Don't make the same
mistake. If you're not covered by a retire-
ment plan, you should see Metropolitan
Savings about a tax-sheltered retirement
program.
There are many personal tax-sheltered
retirement programs to choose from, but
before you commit to one you should be
sure you know what you're getting. Does
the plan have sales commissions or in-
surance premiums that will reduce your
retirement fund? What rate of return
will you really earn? Will the earnings be -
stable? These and other points are impor-
tant considerations in selecting the right
retirement plan.
Metropolitan's Individual Retirement
Account (IRA) and Keogh plan pay you
the highest rate you can earn at any insured
financial institution, plus providing
Your
security you need for retirement. Your
funds earn 7 3/4% annually* and there are
no hidden costs, sales commissions or
insurance premiums to reduce your retire-
ment fund.
What Kind of Plan
You could start an Individual_ etirement
-
Account and put aside $1500 or 15%
(Spouse's IRA up to $1750) of your annual ,-
income (whichever is less) and take that
as an income-tax deduction. The.Keogh
Retirement Account is available for self-
employed individuals and provides larger
tax-deductible savings up to $7500. The
Rollover Account will help you d e t fer
taxes on funds received from a company
plan prior to retirement, or it lets you
transfer froni another Keogh or IRA plan
to Metropolitan's.
Don't Put Off Your Future
Get the facts on tax-sheltered retirement
plans by attending one of Metropolitan's
seminars. Even if you already have a.plan,
you can learn why Metropolitan has one of
the best going. Just return the coupon or
' call the office you plan to attend for your
reservation.

* $500 minimum deposit, 3-year maturity.

1%

Federal regulations may require a substantial penalty for early withdrawal of principal from Certificate Accounts.

• •

Don't wait any longer to start planning

METROPOLITAN SAVINGS

Member FSLIC

11 offices in the Metropolitan Area
Main Office Farmington 851-5300

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