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April 03, 1981 - Image 3

Resource type:
Text
Publication:
The Detroit Jewish News, 1981-04-03

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

THE DETROIT JEWISH NEWS

Friday, April 3, 1981



Fed Up With the Tax. Bite?

........

Start
Your Own
IRA'
Pension
Plan

AmerAccount
Can Help!

Why pay more income tax than you have to? You may be eligible to shelter up to
$1,500 a year in current working income for yourself...up to $1,750 for you
and your non-employed spouse if your employer does not provide a pension plan.

That money can start earning interest at once in one of our excellent savings plans,
and the earnings will bt, tax-free until your retirement.

If you are eligible for an I.R.A. plan but haven't the cash to set aside for it,
AmerAccount can help. Simply apply for an AmerAccount line of credit when you
open an AmerAccount checking account. As soon os your credit line has been
approved you can use it to write yourself o loon for all or port of your I.R.A. deposit.
The 11/2% interest per month you pay for that loon is tax deductible, too.

It's so easy to do. Let us show you how. We will set up your qualified I.R.A. plan,
and at the same time open your AmerAccount checking-with-interest plan.
So come in soon and start keeping more of what you're working for!

Individual Retiremetnt Acount

atnencan federal savings
and loan association Ak

You may make deposits to a 1980 I.RA.
account until you file your 1980 income tax.
Deadline: April 15, 1981.

DETROIT • EAST DETROIT • CLAWSON • OAK PARK* SOUTHFIELD
BIRMINGHAM-BLOOMFIELD TWP.• FARMINGTON/HILLS • WARREN-STERLING HEIGHTS

Federal regulations require a substantial
interest penalty for early withdrawal
from certificate savings accounts.

Your savings ore insured up to $100,000
by the Federal Savings & Loon Insurance Corp.
Equal opportunity lender.

• +R

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