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SAT-. MARCH 10, 1979, THE CAROLIMA
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Carolyn Johnson,
divorced hairdresser, liked
her job at a small beauty
salon but felt uneasy when
she thought about
retirement: Would her.
Social Security checks
be enough to live on com
fortably? Her friend Barbara
Cooper, a homemaker,
had never thought much
about retirement because
Barbara's husband, George,
made a good living as a
selfemployed electrician.
But when George thought
about the future, he some
times wondered whether he
would be better off working
for a large company that
offered a pension plan.
Theses individuals are not
real but their problem is.
Nearly one million North
Carolinians are not
covered by pension plans
because they are
self-employed or working
for comapnies without the
retirement programs.
But these people can
provide for their retirmenet
and save pn taxes while
doing so - by opening
individual Retirment
Accounts (IRAs), which are
do-it-yourself retirement
savings plans. -:
Through IRAs, working
persons who are not cover
ed by qualified pension,
plans can deposit as much as
15 per cent of their
earned income, up to
$1,500 a year. In this
case a total of up to $1,750
may be contributed to
separate accounts up to
$875 each. ;
Banks are permitted to
offer as much as eight per
cent annual interest on the
accounts. This means that a
person who opens an IRA at
age 35 and deposits
$1,500 a year will have
a nest egg of $200,367 at
age 65. The same de
posits would grow to only
$94,708 in a regular
taxable savings account.
Many IRA plans allow parti
cipants to make deposits on
a flexible basis, including
weekly or monthly de
posits, throughout the year.
IRAs offer two-fold
savings on income taxes:
first, contributions to the
accounts can be counted as
deductions from the year's
gross income, thus reducing
the amount of income (axes
owed, and second, tax rates
are usually lower when
contributions and interest
earned are withdrawn
during retirement years.
Withdrawals from IRAs
may begin as early as age
59 and as late
as age 70 54. Except in
cases of death or permanent
disability, early withdrawals
are subject to federal
penalty taxes. If death
occurs, at any age, the IRA
funds are paid to the bene
ficiary without penalties.
Before opening an IRA,
a person should check on
the amount of interest of
fered, how it is compound
ed and how long is is guran
teed, according to James T.
Brewer, head of the Retail
Banking Department of
Wachovia Bank and Trust
Company irr Winston-Salem.
Other factors to consider
are how often deposits may'
be made, how often with
drawals may be made afte
after retirement and
whether the bank charges an
administration fee.
Women working in a
wide range of jobs, in
cluding those who don't
work outside the home,
may be eligible lor the
plans, Brewer said. Married
women who do not earn
wages can be covered under
their husbands IRAs.
Women today have a .
greater need than ever
before to establish long
range financial plans, said
Brewer, He attributed the
need to the increasing
number of women in the
workforce and the
increasing number of
famines with incomes from
both spouses, as well as the
The first derby hat was sold by a New York store in the
year 18501
increasing number ot one
parent homes.
The discontinuation of
pension plans at many com
panies during the last three
years also has affected
many women who might
have been counting on a
retirement annuity.
Brewer said several
recent federal regulation
changes benefit those
holding the accounts:
-The annual interest rate
has been raised from 74
per cent to eight per cent.
- The previous Febru
ary deadline for establishing
or contributing to an IRA
has been extended to when
tax returns are filed, in
cluding extensions.
Reporting has been
simplified. Standard re
porting for income taxes
may now be made on
form 1040 without using
additional forms.
-
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AMBASSADOR'S LUNCH - Andrew Young (R). US. Ambassador to thtUwtfrd
Nations, lunches with Israeli U N Amb. Joel Alon at function held by the Anti-Dafamav
tin League of B'nai B'rith, Amb. Young was the principal speaker UPI
1 H U I d i rttcfeH i! 1 1 : IBM
100 WINNER
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MOO WINNER
100 WINNER
60 WAYS TO
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ODDS CHART EFFECTIVE MARCH 4, 1979
Numbw ot Winning Odd 1 Odd 11 Odd M
Winner, Amount VtoH Vtlt VHH Total
29 $1000 272.759 20.961 10.491 $ 29.000
212 100 37.311 2870 1435 21.200
437 50 18.100 1392 696 21.850
874 25 9050 696 348 21.650
2196 10 3602 277 139 21.960
3071 5 2576 196 99 15.355
43.643 1 180 14 7 43.843
61.403 MP proftica 7 129 10 5 46,052
112.065 71 5.5 2 75 221.110
ClI lintol ilHHMKK IWOftHittoittK Iflciltc IwCo 1W11 WIH mlMHIfc CwoliM $
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11 oz.
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INSTANT COFFEE $339 WHEAT BREAD 2 .79
rr JAN FARMR O ' CT OOC
2S29e HAMBURGER ROLLS 288
KODAK (;KSS)$i76
FILM
EACH
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BISCUITS
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FROZEN FOOD FEATURES
PIZZA sQ)W ICE CREAM U Si
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2)
ARMOUR
CORNED BEEF HASH
ARMOUR
BEEF STEW
HON MEL
CHILI WITH BEANS
HOI
CAN
89e
14 oz. $i
CAN I
19
ALP NORTH CAROLINA GRADE "A"
LARGE EGGS
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LIMIT ONE 00 ZEN
WITH COUPON
AND ADDITIONAL
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ONLY
starr aaabt
OOOO THRU SAT.. MAN. IB AT AAP IN DURHAM
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DEL MONTI CHUNK, CRUSHED, OR (IN JUICE)
SLICED PINEAPPLE
21MOZ. $1
CANS I
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REGULAR AAP DEEP OtSH FROZEN
EGGO WAFFLES SS69 PIE SHELLS
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DURHAM
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OOOO THRU SAT.. MARCH 10 AT AP INDURH AM
AAP COUPON
ANN PAGE
SEEDLESS GRAPES - 99 BROCCOLI iSSS 69
tSSSSSr 3 SI 39" TOMATOES 59
RED RADISHES B5 12' FeSSb0" 5
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QUART
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tl F Oop D p
L PART-TIME ATHLETES Wl
J 1000 WINNER
jv i j J ivii 1 V 1 L i G1LJ
f$f; - TMRRELLHINES KAREN CRABTREE CL STEWART CHARLESWE881EV
- N " I SHELBY, N.C. FAYETTEVILLE, N.C. MOORESV1LLE, N.C. DURHAM, N.C.
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If you're an ndult jogging your
way to physical fitness, you're
burning approximately 700
calories an hour almost dou
ble the number used by tennis
players in the same amount of
time. You consume 725 to
1000 calories per hour running
and 270 to 500 calories an
hour bicycling.
Using' all this extra energy,
do part time athletes need spe
cial foods or diet supple
ments? In general, nutri
tionists agree that the best diet
for an athlete is not very dif
ferent from that for the same
person engaged in less vigor
ous pursuits. Everyone needs
the- same basic nutrients:
vitamins, minerals, carbohy
drates, fats, proteins and wa
ter. The major difference be
tween active and inactive
people is the amount of water
and calories needed. And
while you need more, calories
pet hour to provide ttintinued
energy during sports activity,
it usually makes little differ
ence whether the extra calories
come from protein, carbohy
drate or fat in short term
events. However, some
studies indicate that complex
carbohydrates such as bread
or pasta are the best energy
source for prolonged events
because they produce more
oxygen which is needed by the
muscles and other tissues.
Your need for protein
doesn't increase with strenu
ous exercise contrary to be
liefbut your water require
ment does, as well as your
need for certain minerals.
It's important to drink an
adequate amount of liquid dur
ing vigorous activity to re
place the water and minerals
lost through perspiration.
Water is the best choice be
cause it travels rapidly through
your bloodstream to all parts
of the body. Soft drinks and
fruit and vegetable juices con
tain enough sugar to delay the
passage of liquid to the body
areas where it is nee4fitfl,
thereby producing a feelingpf
fullness.
Most authorities recom
mend three balanced meals
each day or perhaps five to six
smaller meals.
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