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Show finanrinl planning I . 2 KathyEngle MarkHulet I HULET& ASSOCIATES J; Certified Public Accountants IRA INVESTING i Individual retirement accounts are growing in popularity. They are one tax shelter fully approved by the IRS, available to almost everyone and, if used wisely, capable of adding significant dollars 2 to an individual's retirement fund. Don't make the mistake of plunking your IRA dollars into the first j. program you come across. Take time to learn what's available and what the advantages and disadvantages of each program are for E you- Look for a company that will allow you to direct the investments In your own IRA. Then consider your other investments and use your IRA to diversify a bit. If you are comfortable with some risk, put ; t your money into higher risk investments that have a greater chance I, of producing a higher yield. If you're not comfortable with much r risk, look for something that is safe and sure such as CD's or treasury bills. Above all, do not invest in anything you do not ' I understand. Only lucky people make money on investments they don't comprehend. The more complicated, high-risk investments ; f such as commodoties, futures, options, and limited partnerships j". should be left to the experts. IRA investments are sheltered from income tax; that is, you do ? not pay tax on any earnings within your IRA. You are taxed only when you start to withdraw the funds upon retirement. Therefore, it ) Is n' a Good idea to put your IRA into investments that already "sheltered." Use your non-IRA dollars for those investments. "C A $2,000 contribution made every year for twenty years grows to $91,523 if it's invested at 8. It grows to $230,759 when it's invested at 16. It's easy to see that taking the time to get the f highest yield possible is worth the trouble. Consult your financial 5 I advisor for assistance in putting your IRA money where it will 5 p produce the most for you. i 550 MAIN STREET, PARK CITY, LIT 645-7390 5 . 445 EAST 4500 SOUTH, SLC, UT 261 3459 - L ... , THE EATING ESTABLISHMENT Is Proud to announce an exciting new luncheon menu. Join us in the patio green house and enjoy fresh seafood, cool summer soups, and exotic summer salads; as well as our famous Chicago burger and other new entrees. Serving: Luncheon 1 1-3 daily Breakfast, Lunch and Dinner Friday- Sunday 8-10 p.m. We will resume our Breakfast Service June 17th '' n " THE f ' 317 MAIN STREET PAKC5! VISA & MASTER CHARGE . 649-8284 Attention Triathletes and Ride & Tie Athletes Are you getting the most out of your training program? V , Are you exercising most effectively for f your individual peak performance? ( J "Are you taking the correct vitamins 8. J quantities for your peak performance? 1 I Are you overtraining and getting overly 1 "Are you experiencing foot, knee or back 1 pain while training? Let Cofer Chiropractic Clinic help you get in top shape and reach peak performance through individual bio-mechanical evaluations. Dr. Donald A. Cofer Sports Chiropractor Call: 649-1017 |