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Show PI?0 cMora Svjo If youre Joa deforced jrofllirorsonlt savings p7cgrams...fc:sfl govorcimonl-nppTovo- d, not presently covered by a pension or profit sharing plan and you don't enroll in a PFS Individual Retirement Account before December 31, 1976 you may lose a tax deduction on your 1 976 income tax return of $1 .500 or 1 5 of your earned income, which- ever is less. If you are and qualify for a PFS Keogh Retirement Plan you can deduct $7,500 or 15 of your earned Income, whichever is less, from your 1976 income tax return if you are enrolled in a PFS Keogh Retirement Plan. Prudential Federal Savings offers two tax deferred savings plans which allow persons to establish their own retirement plan. A government approved PFS retirement plan enables an individual to in most instances Defer taxable income until retirement, which allows the individual to be taxed at a lower rate due to reduced income and because of exemptions which may reduce the amount of income tax paid. Earn the highest interest rates permitted by law on insured savings and defer the tax on that income until retirement. self-employ- ed age-relat- ed Individual Retirement Account (IRA) Individual Retirement Accounts (IRA) were developed by Congress so that every American would have the opportunity to provide a secure future for himself and his family. This tax deferred retirement savings plan has been designed for those people working for companies that do not offer pension plans or for those people who have just recently been employed and do not yet qualify under the plan offered by their employer, or for the people who qualify under the Keogh Plan but prefer the IRA Plan. Under the IRA Plan available at PFS you can save for retirement up to a maximum of $1,500 per year, or 15 of your earned income, whichever is less. Your PFS Individual Retirement Account must be opened on or before December 31, 1976 to qualify for a deduction on your 1976 income tax return. self-employ- ed For Example Through the IRA Plan, if you save $1,500 annually, in just 20 years you would have a retirement account of approximately $69,100 and not be required to pay any current income tax on the amount saved or the interest earned thereon. (This example is based on annual lump sum deposits of $1,500 in 7.75 per annum current rate dollar minimum certificate accounts.) six-ye- Keogh Plan for the ar one-hundr- ed Self-Employ- ed at PFS is a retirement plan for the Individuals whose business is not incorporated, may include sole propriedefined as tors, partnerships, physicians, nurses, lawyers, farmers and manufacturers' representatives, to name only a few. A person is not required to have all, or a major part of his income dein order to qualify. Therefore a person need only have some rived from to be income eligible to participate in a Keogh Plan. Under the Keogh Plan you may save for retirement a maximum of $7,500 per year or 15 of your earned income, whichever is less. Your PFS Keogh Retirement Account must be opened on or before December 31, 1976 but the complete contribution may be made as late as April 15, 1977, or on or before the date your tax return is filed if you file prior to April 15, 1977, to qualify for a deduction on your 1976 income tax return. A Keogh Account self-employ- self-employ- ed, self-employ- ed self-employm- self-employ- ed For Example Under the Keogh Plan, if you saved $7,500 annually, in just 20 years you would have a retirement account of approximately $345,402 and you would not be required to pay any current income tax on the amount saved or the interest earned thereon. (This example is based on annual deposits of $7,500 in six year 7.75 per annum current rate dollar minimum certificate accounts.) one-thousa- nd By federal regulation certificate accounts are subject to substantial interest penalties for withdrawals prior to maturity. Why you should choose PFS to Invest your IRA or KEOGH Retirement Funds. Your contributions earn at the highest interest rates permitted by law on insured savings. Your interest is compounded daily, 365 days a year. Your account earns interest from day of deposit to the day of withdrawal. Your account is opened and serviced with no fee or commission charged by Prudential Federal Savings. Your savings are insured safe to $40,000 by an agency of the Federal Government. Your deposits can be made annually or periodically throughout the year in person or by mail. Your funds may be withdrawn as early as age 59V2 and may be in a lump sum or by monthly checks drawn from your PFS savings account. Please visit or phone any of our conveniently located offices and ask our Savings Counselor for information concerning the IRA and Keogh Retirement Plans. We will assist you in determining the type of certificates and regular savings accounts that will best suit your or send for complete information by completing and mailing the couretirement plan below. pon SEND FOR COMPLETE INFORMATION I Gentlemen: I Please send me more information about the I I I I I I I I I I I I I I i l. tax-deferr- ed retirement funds. Name Address City State Occupation I am particularly Zip. Age - interested in: The Keogh Plan for the ' The IRA Plan for those without an employer sponsored retirement plan. Both. Mail to: Retirement Prudential Federal Savings self-employ- P.O. Box 15500, Salt Lake City, Utah 84115 Personalized Financial Service Prudential Federal Savings 185 North Main Street, Tooele, Utah 84074 1 Phone: 882-342- Now over $550,000,000 strong. |