William Penn Life, 1982 (17. évfolyam, 1-4. szám)
1982-01-01 / 1. szám
INSURANCE STORE DONATIONS SCHOLARSHIP FUND October, November, December 1981 An Easy Way to Become a Millionaire Want to become a "Millionaire”? Who doesn't. You can, and Uncle Sam helps by letting you deduct your contributions to your "Millionaire" goal from your income each year before paying taxes. It's a gift created by Congress in the Economic Recovery Tax Act of 1981. The vehicle is an individual Retirement Account. Put $2,000 each year in an IRA at the William Penn Association, and in 35 years you could have more than one million dollars. Imagine a balance of $1,106,452 on an investment of $70,000! Plus, you don't pay any taxes on the money until it's withdrawn. But who can start an IRA? As of January 1, 1982, any wage earner, under age 70 can. Even if you're already covered by another pension plan. And, you can keep saving until you turn age 70. Check below for details! Look at our IRA calendar and see how an IRA can work for you. Start one now. It's as easy as opening an account. And, that's what it is, an IRA account with the William Penn. IRA CALENDAR Year Deposited to Date Projected Balance*Year Deposited to Date Projected Balance* 1$ 2,000 $ 2,251 19$38,000 $ 151,628 2 4,000 4,784 20 40,000 1 72,910 3 6,000 7,636 21 42,000 1 96,863 4 8,000 10,845 22 44,000 223,822 5 10,000 14,457 23 46,000 254,165 6 12,000 18,523 24 48,000 288,316 7 14,000 23,099 25 50,000 326,752 8 1 6,000 28,249 26 52,000 370,01 5 9 1 8,000 34,245 27 54,000 418,706 10 20,000 40,569 28 56,000 473,508 1 1 22,000 47,912 29 58,000 535,188 12 24,000 56,177 30 60,000 604,610 13 26,000 65,479 31 62,000 682,745 14 28,000 75,948 32 64,000 770,687 1 5 30,000 87,731 33 66,000 869,667 16 32,000 100,993 34 68,000 981,068 17 34,000 1 1 5,920 35 70,000 1,106,452 18 36,000 132,720 *This calendar is a projection and is intended only as an illustration. The calendar presumes you open your account with $2,000, that you deposit $2,000 one year from today, and each year thereafter. All funds are currently earning 12%. Interest rates may go up or down but you have a guarantee of 4%. Your IRA with William Penn is fully insured. Should you die, the projected balance will be paid to your beneficiary. Contributions are tax-sheltered and are taxdeferred until withdrawal age. IRS regulations say you can't withdraw before age 5914 without interest penalty and that you must withdraw by age 7014. Take advantage of a WPA-IRA. It's an offer you can't refuse —and time doesn't stand still. Julia Risko S 3.00 Stephen P. Szemes 2.00 Rose F. Becsi 10.00 Charlotte Bravieri 4.50 Mrs. Margaret Kunz 10.00 William C. Kohut 200.00 Branch 17—Lorain, Ohio 100.00 Branch 8—Johnstown, Pa. 25.00 Branch 705—Mayville, Wise. 100.00 Branch 129—Columbus, Ohio 100.00 Mr. and Mrs. Gabor Gyenes 10.00 Lindsay Catron 5.00 John and Ethel Sabo 100.00 Elmer Charles (In lieu of Christmas Cards) 100.00 Frances A. Furedy (In lieu of Christmas Cards) 25.00 William Penn Association Ladies Auxiliary Branch 18—Southgate, Michigan 300.00 IN MEMORY OF October, November, December 1981 LÁSZLÓ E. KERESZTI Mr. and Mrs. Michael Hegedűs $10.00 Ethel and Louis Fodor 15.00 Wilma and Stephen M. Lang, Jr. 20.00 John T. Lesko 25.00 Violet B. Lenart 25.00 Branch 19—New Brunswick, N.J. 25.00 HELEN LINDT Mr. and Mrs. Albert J. Stelkovics 15.00 JOSEPH GAGNE Mr. and Mrs. Albert J. Stelkovics 15.00 IRENE PEDROZA Mr. and Mrs. John P. Balia 15.00 Mr. and Mrs. Albert J. Stelkovics 15.00 MARY P. RIGO Michael A. Rigo 20.00 JENNIFER LYNN KERTESZ Mr. and Mrs. John P. Balia 15.00 JOHN SUROVY Branch 296—Springdale, Pa. 25.00 GEORGE VARGA Home Office—William Penn Association 25.00 JOHN SUROVY and LÁSZLÓ KERESZTI Albert J. Stelkovics 30.00 ALBERT IBOS Margaret Marhan 10.00 Margaret Ibos 50.00 MRS. EMIL APAI Branch 22—Roebling, N.J. 5.00 MRS. GOLDIE SOMOGYI JENNIFER L. KERTESZ LÁSZLÓ KERESZTI Mr. and Mrs. Elmer Charles 100.00 MRS. GOLOIE SOMOGYI Frances A. Furedy 10.00 Ethel and Louis Fodor 20.00 Violet B. Lenart 25.00 John T. Lesko 50.00 MISCELLANEOUS 1981 September Premium Contributions $418.90 November Premium Contributions 309.22 Helco—Stock Dividend 240.00 BOND INTEREST Twelve Federal Land Banks 345.00 Duquesne Light Co. 450 00 New England Power Co. 460.57 Commonwealth Edison Co. 379.50 7
