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28 1985 Tax Preparation Guide - r :. . • : : i • * . : c' v •• ••• • • : : i • * . : c' v •• ••• • , ' :V'A . $ ij • An Individual Retirement Account or Keogh is the best prescription for a healthier, more secure retirement. Because they offer a tax reduction as well as tax-deferred interest, they are attractive to almost every working American. The basics are simple. Contributions to an IRA or Keogh are placed in a high-earning, insured Skokie Federal Certificate. All contributions up tp the maximum allowable are deductible from current incomfc. And the interest isn't taxed until the funds are withdrawn. IRAs are available to employed or self-employed individuals. A Keogh plan may be opened only by the self-employed. Either plan provides a great way to build a substantial fund for retire­ ment with the added advantage of reducing your current tax bill. It's good sense to establish one as soon as possible. Even if you've received an extension on filing your tax return, this year your IRA contribution must be made prior to April 15, 1985, to reduce taxable income for 1984. No exceptions can be made." Skokie Federal offers a number of high-interest investment options which are ideal for IRA and Keogh accounts. Stop in your nearest Skokie Federal office for complete details, or call the Interest Rate Hotline at 674-3610 for current rates. There is a penalty for early withdrawal frbm certificates. Skokie Federal Savings Woodstock: 320 S. Eastwood Dr./(815) 338-8500 Ml Barrington: 200 Main Street/382-2350 Chicago: 4747 W. Peterson Avenue/777-4848 Glencoe: 332 Park Avenue/835-5100 Kenilworth: 505 Park Avenue/256-7330 Skokie: 7952 N. Lincoln Avenue/674-3787 Skokie: 4747 W. Dempster Street/674-3600 Skokie: 9449 N. Skokie Boulevard (Jewel/Venture) 674-3600 Round Lake Beach: 835 E. Rollins Rd./223-8000