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December 16, 1990 - Image 18

Resource type:
Text
Publication:
Michigan Citizen, 1990-12-16

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

Since
euremenr ccount (IRA)
and Simplified Employee
Pen ion plan (SEP) are not
required to e made by ye r
end. Ho ever, 0 m y be
an e cellent time to ma e
IR ISEP contrtbutlons to
tl e dv tl e of current
m r et conditio .
CO T I UTIO TO
q lified retire ent plan Ire
n excellent ay for t e self-
employed or II bu ine
o ner to reduce tlX ble in­
come. Qu lified plans re
one of th be t tr te ie
vail ble if your tom jor
financi 1 concern re fund­
ing retirement and reducing
t xe There re three
popul r types of employer­
fund d pia : profit- baring,
money purcha e , nd the
bove mentioned SEP.
Only am 11 percent ge of
the labor Coree i cover d by
I
retirement plan. Thi point
out tblt hile mall busi­
ne e mike up a ub tantial
portion of the U.S. economy,
t eir plannin need are not
being met.
If you h ve not cheduled
a ye r-end 1 x nd financi I
pi nning e ion, do 0
today. You till h ve a num­
ber of option av il ble to
you to reduce your t x
liability. It i Ion excel­
lent lime to m ke IRA nd
SEP contribution . Do not
po tpone thi cruel lmeeting
ny longer.

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