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Show The Enterprise Review, November 24 , 1976 Page lib Management Specialists Death and Taxes Plan Salt Lake Operations by Rex Keeler Manager, Executive Tax Senice Two management consultant specialists, one in Salt Lake City and the other based in New Jersey, plan to begin operations of a newly formed consulting firm in PAINTINGS Salt Lake early next year. Austin and Lindberg Ltd., business consultants, was formed by Allan L. Austin, Salt Lake and Roy Lindberg, New Jersey. The two business advisors claim twofold exper- tise: Lindberg in the utilities d field, and Austin in budgeting. But both profess proficient skills in a wide range of business management and counseling. zero-base- collectors choice or moderately priced Austin worked for about three years for the Federal Home Loan Bank in Washington D.C. and was president of White Water Associates, a consulting firm, also in Washington. He is a member of the American Management Association. He conducts seminars and lectures on the topic of FOR THE OFFICE HOME DECOR GIFTS HOME COLLECTION 10:00 to 5:30 Monday thru Saturday Evenings by appointment budgeting for that organization. zero-base- d 4rt Dhe PAINTINGS AND Cjcillery FRAMES 227 South State Salt Lake City, Utah 84111 1 Phone 363-494- Lindberg is presently working as a management consultant for Utah Power & Light Co. and operates a consulting firm in New Jersey. Savings for the future is a worthwhile goal and despite the governments taxes on your earnings and inflation gnawing at your pocket, it is possible to create an attractive retirement fund. The Employee Retirement Income Security Act of 1974 permits individuals who are not active participants in a qualified plan to set up their own individual retirement plan. Considerable flexibility exists in the type of funds available for investment. A common type of a retirement account can be created by investing in a time certificate of deposit at a bank or savings and loan. Investments can also be made in annuity contracts, mutual funds or retirement bonds. They all have certain advantages, and if you don't e like the one you are in, there is relief: A rollover is allowable to permit a switch from one type of investment to another. Fifteen percent of your earned income up to $1 ,500 is the maximum contribution and deduction allowable. This is deduction also allowable for a Utah tax return. A new has been added for 1977: a advantage spouse will be eligible to participate in a plan which coincides with the working spouses plan. In comparison with social security, an I.R.A. can produce substantially higher retirement benefits. For 1978, the maximum contribution to social security is $1,014.75 plus your employer must match this figure and you have to pay income taxes on the $1,014.75. These costs add up to about $2,333 per year. A contribution of $1 ,500 per year to an I.R.A. (net cost of only $1,000 after taxes) will produce a fund of over $200,000 for a 30 year old person if he retires at age 65 ($300,000 at tax-fre- non-worki- ng age 70). The economics of social security vs. private insurance accounts for over 140 governmental units, including New York City, dropping social security in favor of private insurance. Unfortunately, an individual has absolutely no alternative in participating in social security: it is mandatory. WHOS RESPONSIBLE? ...To see that 25.000 youngsters get first-han- d exposure to careers in the community each year? ...To answer more than 1.600 inquiries each month seeking statistical, economic and tourist information about Salt Lake? ...For spearheading downtown improvements which include the First South and Main Street beautification projects? ...For arousing public opinions on such issues as Common Situs Picketing, Clean Air Act Amendment, metrication, crime prevention, low-incom- e housing, energy and water resources? the Salt Lake ...For hosting and visit of The Freedom Train, Russian Cosmonauts, Sister Cities Program with Matsumoto officials, business and Washington" dialogues. communication and sales management seminars? ...For uniting the entire state through cooperative programs in economic development, local chambers of commerce and community development? The Salt Lake Area Chamber of Commerce! (Alone and in conjunction with other civic organizations) d Shouldnt you be a part of this organization? action-oriente- (SOB OGWfG) f Q Oogd 0Q $3GOG) 0? Salt Lake Area Chamber of Commerce 1 19 East 2nd So. 364-363- |