THE DETROIT JEWISH NEWS •
Friday, April 10, 1981
Fed Up With the Tax Bite?
/; ; I:
'Individual Retirement Acount
You may make deposits to a 1980 I.RA.
account until you file your 1980 income tax.
Deadline: April 15, 1981.
Federal regulations require o substantial
interest penalty for early withdrawal
from certificate savings accounts.
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 be 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 as your credit line has been
approved you can use it to write yourself a loan for all or part of your I.R.A. deposit.
The 1'/2% interest per month you pay for that loan 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 some time open your AmerAccount checking-with-interest plan.
So come in soon and start keeping more of what you're working for!
american federal savings
and loan association A
DETROIT • EAST DETROIT • CLAWSON • OAK PARK • SOUTHFIELD
BIRMINGHAM-BLOOMFIELD TWP.• FARMINGTON/HILLS • WARREN-STERLING HEIGHTS
Your savings are insured up to $100,000
by the Federal Sayings & Loon Insurance Corp.
Equal opportunity lender.