William Penn Life, 1987 (22. évfolyam, 1-12. szám)

1987-02-01 / 2. szám

February 1987, William Penn Life, Page 15

Beat the tax law changes. Enroll in a William Penn IRA for 1986.

If you are concerned about paying too much on Income Taxes start an IRA (Individual Retirement Account) Annuity with the William Penn Association.

■ We are currently paying customers 8% ■ If both Husband and Wife have

interest with a guaranteed interest rate earned income, both can deposit up to of 4.5%. $2,000 each year.

■ Your investment is safe and free from investment worries — backed by the assets of the William Penn Association.

■ Not only can you deduct the Deposit from your income but you defer the tax on the interest until retirement.

■ Each year you can deposit up to $2,000 ■ There are Settlement Options available or $2,250 if a Spousal IRA is desired. at retirement which can provide a

(Subject to change under 1986 tax act.) Guaranteed Income for Life.

Please refer to the chart below. This shows an individual depositing $2,000 annually into an IRA Annuity at 8% Current Interest. At age 55 the accumulation will be $98,845 or $244,691 at age 65 (Based on current 8% interest rate).

Withdrawals on an IRA Annuity prior to age 591/2 are subject to income taxes along with a penalty.

WILLIAM PENN ASSOCIATION PROJECTION OF ANNUITY DAVID CHADWICK IRA (INDIVIDUAL RETIREMENT ACCOUNT)

$2,000.00 = INITIAL AMOUNT $2,000 = YEARLY INCREASE $2,000 = INITIAL AMOUNT $2,000 = YEARLY INCREASE

YEARS OF GROWTH

AGE

35

GUARANTEED

4.50%

CURRENT

8.00%

YEARS OF GROWTH

AGE

35

GUARANTEED

4.50%

CURRENT

8.00%

1

36

$2,090.00

$2,160.00

12

47

$32.319.82

$40.990.60

2

37

$4,274.05

$4,492.80

13

48

$35.864.21

$46.429,85

3

38

$6,556.38

$7,012.22

14

49

$39.568 10

$52.304.24

4

39

$8,941.42

$9.733.20

15

50

$43,43866

$58,648.58

5

40

$11.433.78

$12,671.86

16

51

$47.483.40

$65.50047

6

41

$14.038.30

$15.845 61

17

52

$51.710.15

$72,900.51

7

42

$16.760 02

$19,273.26

18

53

$56.127.11

$80.89255

8

43

$19.604 22

$22,975.12

19

54

$60.742.83

$89.52395

9

44

$22.576.41

$26,973.13

20

55

$65,566.26

$98.845.87

10

45

$25.682.35

$31.290.98

21

56

$70.606 74

$108.913 54

11

46

$28,928.06

$35,954.26

Value al current rale at 65 (it not shown above): $244,691

NOTE: These proieclions are based on the interest rale being paid as of Feb. 1.1987 Actual yield may be higher or lower depending upon markel conditions You will be informed ol any change in rates which attect your investment

Daniel R. Wahl, FIC, CLU - National Sales Director

WILLIAM PENN ASSOCIATION

709 Brighton Road, Pittsburgh, Pa. 15233 (412) 231-2979

In order to take advantage of this opportunity to start a William Penn IRA contact the WPA Sales Representative nearest you. All of our agents wili be happy to assist you when you call

ALLENTOWN AGENCY

Samual Sulkosky. FIC Agency Manager 1311 Hamilton Stre«. Allentown, PA 18102 (215) 434-2111 BOSTON AGENCY Brian Aronne Agency Manager P O Box 574 Dedham, MA 02026 (617) 326-8949

CLEVELAND AGENCY

Jeff Ward. CLU ChFC Agency Manager 16363 Pearl Road Strong« vile, OH 44136 (°16) 238-8500 COLUMBUS AGENCY Joseph Barreiro, FIC Agency Manager 975 Parsons Avenue Columbus, OH 43206 (614)443-7797

DETROIT AGENCY

Jodene Pascarella, FIC Agency Manager 1095 Fort Street Wyandotte, Ml 48192 (313) 283-6360 NEW JERSEY AGENCY Alev Hody, LUTCF Agency Manager 216 Somerset Street New Brunswick, NJ 08901 (201) 249-7752

ORLANDO AGENCY

Ron Abels, FICF Agency Manager 9208 Woodbreeze Blvd. Windermere, FL 32786 (305) 876-5059 PITTSBURGH East AGENCY Dominic La Verde Agency Manager 709 Brighton Road Pittsburgh, PA 15233 (412) 231-7500

PITTSBURGH West AGENCY

Earl Webb Agency Manager 709 Brighton Road Pittsburgh, PA 15233 (412)231-7500 SOUTH BEND AGENCY Gary Clevenger Agency Manager 1024 W. Indiana Avenue South Bend. IN 46613 (219) 287-8245

STRATFORD AGENCY

Matthew Longobardi Agency Manager 33 King Street Stratford, CT 06497 (203) 377-0137 CHICAGO John Rafferty General Agent 10261 Hawthorne Drive Orland Park. IL 60462 (312)460-6626

EASTERN PENNSYLVANIA

Floyd Bryan General Agent P O Box 121 Fountainville, PA 18923 (215) 822-2987 NEW YORK Richard De Felice General Agent 10 Poplar Street Elmsford. NY 10523 (914)592-7527

NEW YORK

Rubin Minowitz, FIC General Agent

295 Northern Blvd. P.O.Box 431

Great Neck, NY 11022

(516) 466-2116

WISCONSIN

John Lippert

General Agent

530 N. German Street

Mayville. Wl 53050

(414) 387-3570