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Show 16 Hilltop Times June 3, 1993 jpOeami mroeokes Peuyir!! bmid boDyoirog easy If you're just starting out trying to save enough to eventually make a down payment on your dream home, you've already found that it isn't easy to save Savings Bonds make them a flexible choice for supplementing retirement incomes. Exchanging E or EE bonds for HH bonds allows an investor to receive interest income twice yearly while continuregularly. If you're a few years older, a little better estab- ing to defer the interest earned on the original bonds. lished, you might be concerned about putting your This feature makes it possible to schedule your tax children through college. liability around your individual needs. What kinds of savings bonds are available? Maybe you've looked at what you will be getting when you retire and realize that it just won't stretch D A Series EE Bond is a contract that shows your far enough to cover your expenses. money has been loaned to the U.S. Government, Whatever situation you're in, there is an advan- which promises to repay it with accrued interest tage to investing in U.S. Savings Bonds, and there when the bond is redeemed. D A Series HH Bond pays you interest semihas never been an easier way to save regularly than the Payroll Savings Plan. Adjusting to a small annually until it is redeemed. amount taken from each paycheck has a much betHow do earnings on savings bonds compare to ter success rate than trying to leave a little for in- other investments? vestments after all the bills have been paid. The interest earned follows stock market perforThe secret to making the Payroll Savings Plan mance, as do many other investments, but on bonds work is to start off with what you can honestly af- held for a minimum of five years, the minimum rate ford, even if it's as little as $12.50 per payday, and can never go below the rate set at the time of purthen increase the amount of your investment regu- chase. The current minimum earnings rate is 4 percent for bonds held at least five years. larly as your income grows. If you're saving for your children's education, or What are the available choices through payroll if you or your spouse plan on furthering your edu- savings? cation in the future, the interest exclusion on savSeries EE Bonds are available in denominations ings bonds purchased since Jan. 1, 1990, provides of $100 or greater. They can be purchased for as lita smart money investment edge that would be hard tle as $5 per pay period. to beat. The big advantage of the interest exclusion What is tax liability on savings bond interest? for education expenses is that it roughly doubles the The interest earned by savings bonds is exempt after-taxe- s from state and local income tax and personal earnings for many investors. The tax deferral and exchange features of U.S. property taxes. They are subject to federal income . masu?m tax and federal and state gift, inheritance and tate taxes. How long must bonds be held? es- A savings bond may be redeemed six months after the issue date or may be held with deferred interest for as long as 30 years for EE Series Bond, and 20 years for HH Series Bonds. Who should I contact for more information? For additional information about U.S. Savings Bonds, contact the following organizational canvassers: . Organization Ext. Conwiw Command Section Aircraft Directorate Technology and Industrial Support Directorate 649th Support Group 388th Fighter Wing Commodities Directorate d ICBM System Program Office Contracting Directorate 545th Test Group 419th Fighter Wing Financial Management Directorate Personnel Directorate 84th Radar Evaluation Squadron Environmental Management Directorate 368th Recruiting Squadron Operation Safety Office Small Business Utilization, Quality Program Office, History Office, Competition Advocacy Detachment 8, 2nd Combat Camera Squadron Judge Advocate's Office , Manpower Office AF Audit Agency Detachment 533, Flight Test Squadron OO-AL- Sgt. Richard Hall Capt. David Erickson Robert Oswald 1st Lt. Michael Jason 2nd It. Brian Kilian Lisa Nogy Carma Schoffield Julie Taylor Copt. Robert Taylor MSgt. Wilson Dick Walter MSgt. Grace Bynum SSgt. Edna Stahley Jeff Nusser TSgt. Gregory Eaken Ron James 2nd Lt. David Caneda Janet Pratt Dave Miller Steve Cox MSgt. Nancy Goethe 76272 In addition to the canvassers, questions can be , or 1st directed to Capt. Dan Phillips, Ext., Lt. Mark Hiryak, Ext. immfhm affffto (jitfh famtfiP m worn WW Offer Good from Midnitetil 5:00 a.m. Expires June 15, 1993 f l n 7 v yr All son It's a delicious deal definitely worth doing more than oncel But A Cheese Enchilada Choice of Beans A Be ef Enchilada A Criepy or Soft. Taco A fbco Fried Ice Cream Dessert hurry, this deal to good only through June 17. 19931 GLAMAS qqVI Layton uacho oramary restaurant.1" i Road At Layton Hills Mall Visit ur other location In Mldvalet . -- Ml a 546-6Z9- 0 CLEARFIELD STORE ONLY 774-868N. Main, Clearfield 564 OPEN 24 HOURS - CALL AHEAD FOR FASTER 9 SERVICE! i TO ApVllgTlJgi |