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Start A Personal Retirement Plan
That Will Save You Tax Dollar^ Every Year!
If you are a wage earner or a self-employed individual (full or pdrt^ time) we have some good news for you. When you open an Individual Retirement Account with us, every dollar you contribute to your account can reduce this year’s taxes in three important ways: t 1. Your annual contribution to your IRA is tax-deferred You can contribute up to $2,000 or 100% of compensation (whichever is - less) and significantly reduce your current tax liability. For instance, if you are in the 25% tax bracket —a $2 000 contribution can reduce your tax liability by $500 — money that you%ould otherwise pay to the government' 2. You are probably taxed at a lower rate. Your IRA could put you in a lower tax bracket so you pay less taxes. 3. The interest you accumulate in your account is also tax deferred giving you an effectively higher yield on your IRA contributions than if you were investing in a non-tax deferred investment.
89.9%