r S vlng Uttl
• particularly born between 1946 and 1
-third rate they need to provide them with
6.
e only 5 percent 0 th ir income.
� r drop in th ir tandard of livin
hould a percent to 19 percent of their
cov red by private pension pi . Those
Protect Your Socl'al Security Number
1930i to record Social
Check Out Your Financial Planner
an .
Dishonest Telemarketers
If you 11 jw t nd money or make a purchase you win an expensive
prize... they. y. They are d' honest telernarketers who work across state
lin ffering c, ,weep takes winnings, vacations and other dream prizes
if you'll, end in th tax or a ervice fee. Tho e consumers who pay the
money receive nothing, or a prize or merchandi e worth far less than the
money they paid.
GIV ne i tingla ,it' toughtoprosecute uchschemesinstatecourts
in th n arti ar often in one tate and th victims in another. Tbe
law un lear ab ut which tate has jurisdiction. Call 1-800-876-7060.
Chari Ro is ho t of the nationally syndicated radio program, ''Your
Per onal Finan ", and is author ofYour Commonsense Guide to Personal
Finan ial Planning. '
SKD Realty & Investment Co.
t
REGINALD PERRYMAN
(Sal es Associ ate)
Detroit! W yne/ Macomb Re id ntill Specialist
HUD Homes, FHA, VA, Assumable,
rent while buying, land contract
homes available, and investment
property.
17536 Che.ter, Sutte 0 Office (313) 881-1614
Detroit, chlgan 48224 Pag r (313) .1 WI31
D RELL JEROME BANKS
ORNEYATLAW
2476 EDISON ST. .
TROIT, MI48206
( 1 ) 865-3619
Over 30 y"ears' Exp rlence
IT Will'
PAY
TO DEAL
WITH
RAY!
Realty & Investment Co.
e rltfl d Real Esiete Manager
Locat d To Serve You
863-3222
11000 W. McNichols
D t. MI 48228 Suite 8-5
Reparation Todayl
No More 0 Jay!
I
. KI carri th
banner of w ping widow well, he
h not b en nown for bri nging
Blae b k big lices of bacon.
Rev.J on' atth frontofevery
march agai 1 every injustice or civil
rights violation in the world, but re-
orts to "keeping bope alive" rh torie
when it com to helping any other
person, or group, make gains toward
increased finances.
Vernon Jordon may be th tone
from white people's "ready reference
list" for making an imp ct on the over­
all Bla k bottom lin . With positions
on Boards of Directors of many multi­
national orporations Jordan help to
create opportunities for Blacks tow ard
thousands of job and training posi-·
tions and upplier contracts. From hi
corporate eat Jordan can, and d
make a lot of difference for Blacks.
An excellent example regarding
In con t, durin that arne period
of tim Reginald Lewi bought, built
up and old a number of compani
ending up with th multi-billion dollar
TLC mce Corporation, Th ul
It' ummerand ricetloa through
the air, flowe phot , and cake. Th
weddin celebration gone.
A couple cbosen to live to-
gether. The tati ti ay it won't I t.
One out of two marriag ends in di­
vorce. From millionaire to poor person
divorce c the color line and ere-
e 'Ii '.
If you deci to many, what t
can you take to protect yourself and
what you own. Tbe first step i to
decide if you want to take the gamble.
When you are married by a judge or a
minister you create a legal contract.
Tbe effect of that contract depends on
what you have done prior to saying "I
do".
The prenuptial agreement is a very
l&ful tool. It can protect what you
want to give to your minor or adult
children. If you were previously di­
vorced you may not want to get stuck
again. The agreement lis everything
that you own and are bringing into the
maniage. You decide what you want
to keep and give to your pouse when
By Darrell.J. Bank
you legally parate or divorce.
property you must decid if you want
to make your partner a joint owner.
Once a person is added as joint
('NI ner to a deed and that deed is prop­
erly recorded with the Regi ter of
Deeds, you faoe a new . ue. You can­
not ell and in most cas obtain a
mortgage without the oth r person's
penni ion. In addition, if you file for
legal eparation or divorce your
pouse may file a claim against any
property you jointly own.
If you have kept your property in
your name only, your spouse may still
file a claim, but your legal rights .to
keep your land are stronger.
What if your potential pouse
won't sign or discuss a prenuptial
agreem nt? Is this a problem? It de­
pends on what you want to protect.
Remember this, the courts are filled
with Divorce Actions. When you are
in love you will give that person what­
ever they want, but your heart may
lead you down a dark alley. Comult
with your attorney to get a good per­
spective on how you stand.
•
How much
did you lose last year
on nondeductible
interest?
IFYOU OWN house,acar,and
have orne money in th bank you may
want to inv t in a prenuptial agree­
ment. A pre or an nuptial agreement
hould be discussed with an attorney.
You and, your future spouse sbould
have eparate attorney .
You may k isn't love enough,
why hould I have this agreement. As
the song goes, "What's Love Got To
Do With IL" Marriage is an emotional
relatiorship and a business partner-
hip. You bring in your wages, busi­
n or other assets and agree to share
them with someone you trust Like all
busin es the foundation of marriage
i cooperation and compromise.
But, when the cooperation breaks
dow n you must decide on how to di­
vide th bu ine . The prenuptial
agreement is a business plan on how
to d' olve your company (marriage).
If you do not obtain a prenuptial
agreement prior to your marriage,
what options do you have. If you own
FIXED RATE
paym nt that will n v r han
Th on r you tak advanta fit, th mor y u
can v on finan in hom impr v m n , du ati n, a
car or anything I worthwhil. You can v n r finan
a loan that you hay m wh r I
B ur to on ult your tax advi r to mak ur th
int r t i tax d u ible.
W can giv qualifi d appli ant fa t appr val-
u ually within 24 hou. top by any First f Am ri a
offi or call 1-313-33 t apply today. And mak
la y ar' n nd du tibI int r st
a thin ofth pa t
o F I RSf OF AM RI CA,.,
A bank for life��
Property insurance may b r. quimJ. Offrt' available at parlidpati", ba"ks o�/y. � ubj ct to C1'i dit appr, val. A 10, loan lor e " years at 7. APR
would ha» a mo"thly pa t 01$155.85. Rate as 01 ju"t 14, 1993 aNd as subject to chanK . Appraisal and title earck is requir do" loa over 3
Equal Ho i Lender. G) Memb r FDI . TDD a ailable at () 14. 0. '
/
May you'v noticed it whil g tting your tax
r ady. All th int r t you'v paid on con urn r loan
that' not deductibl .
W ll/now' th tim to think of a trat gy for n xt
y ar' tax . And on ider borrowing again t th
quity in your hom . .
At First of Am rica, w .can I k you into a low
fix d 7. r nt APR loan with nn of up to v n
y ars. To mak th oft r even mor attractiv ,all {i
will waiv , th re will be no annual {i , appraisal
f 10 ing 0 or points.
And youll hay a fixed monthly