McHenry Public Library District Digital Archives

McHenry Plaindealer (McHenry, IL), 15 Feb 1984, p. 54

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1984 Tax Preparation I 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 to the maximum allowable are deductible from current income. And the interest isn't taxed until the funds are withdrawn.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 retirement with the added advantage of reducing your current tax bill. It's good sense to establish one as soon as possi­ ble. IRA contributions made prior to April 15,1984 can be used to reduce taxable income for either 1963 or 1984. Call your local Skokie Federal office for complete details on both IRAs and Keoghs. Skokie Federal Savings Woodstock: 320 S. Eastwood Dr. /(815) 338-8500 Barrington: 200 Main Street/382-2350 Skokie: 7952 N. Lincoln Avenue/674-3787 Chicago: 4747 W. FHereon Avenue/777-4848 Skokie: 4747 W. Dempster Sheet/674-3600 Glencoe: 332 Park Avenue/835-5100 Skokie: 9449 N. Skokie Boulevard (Jewel/Venture) 674-3600 Kenilworth: 505 Park Avenue/256-7330 Round. Lake Beach: 835 E. Rollins Rd./223-8000

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