The Kings Mountain Herald … /
April 1, 1982, edition 1 /
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Page 8B-KINGS MOUNTAIN HERALD-Thursday. April 1, 1982
Smith Couple Honored
On Golden Anniversary
Mr. and Mrs. Paul T. Smith of
Kings Mountain celebrated their
40th wedding anniversary
March 21 with a reception at
Grace United Methodist Church
fellowship hall. They were
honored by their children,
Frances and Jane, and their
husbands, Franklin and Gene.
The tables were covered in red
and white cloths with lace
overlay. The center piece was an
arrangement of red and white
Gene and Jane Lovelace
greeted the guests and Janice
Queen presided at the register.
Gifts were opened and displayed
by Beth Rogers and Julie Scism.
Party pickups and punch were
served by Alice Carpenter and
Elsie Dixon. The three-tiered an-
niversary cake highlighted with
red rose buds was cut and served
by Mary Lou Scism.
Small scrolls containing a
thank you message from the an-
niversary couple were presented
to each guest.
Mr. and Mrs. Smith were mar-
ried March 22, 1942, in York
Junior High Students Win
Kings Mountain Junior High
students took three of the top
four places in the junior physics
division in the third annual
Lenoir-Rhyne College Science
Fair last Friday.
Stephanie Owens and Lori
Davis of KMJH won first place
with their entry of “Money
Down the Drain”, a project
which compared the success of
Your age is going to increase with time, of
course. There’s no getting around that. But, with
six different detergents in clean-
ing stained fabrics.
Patrick Hamrick won second
place with his project “How Cars
Can Generate Electricity”, and
Keith Dixon won third with his
project “Detergent Stains and
Over 100 projects from junior
and senior high schools in
Western North Carolina were
entered in the competition.
MR. AND MRS. PAUL T.
Seven actors: from Kings
Mountain Little Theatre have
been selected to the all-star cast
of “The Night of January 16th.”
The play was shown recently
at little theatres in Kings Moun-
tain, Mooresville and
Mocksville. Seven actors from
Mooresville and three from
KM Actors Selected
To January 16th Cast
Mocksville were also named to
the cast, selected by a team of
three anonymous judges who at-
tended the performances
without the actors’ knowleage.
Thomas Barnes of Kings
Mountain, an employee of Xings
Turn To Page 9-B
See Us For
Also Little League Shoes
117 W. Mtn. St.
ONETHING’S FOR SURE.
WITH AN IRA FROM
'BB&T, YOU'LL AGE WELL.
an IRA, so is your fortune.
You could retire a millionaire.
If you start your IRA (Individual Retirement
Account) when you're in your early thirties and
interest rates stay about the same as they are
now, a $2,000-a-year investment will make you a
millionaire by the time you retire! And even if
you can’t start that early, you can still build a
whopping retirement fund.
You'll pay lower income taxes.
As long as you're a wage earner, whether or
not you have a retirement plan where you work,
you're eligible for BB&T’s IRA. And you can
open your account right now.
You're allowed to sock away up to $2,000
each year ($2,250 if you're married and only one
of you is a wage earner, $4,000 if both of you
are). And whatever your annual investment is,
you can deduct every penny of it from that year’s
gross income. Which means real tax savings.
Your interest is tax-deferred.
The interest you earn, which is tied to mon-
ey market rates, is compounded daily at BB&T,
not monthly or annually as may be the case at
some banks and savings and loans. This can add
up to a difference of thousands and thousands of
dollars by the time you reach retirement age.
And all your interest is tax-deferred. You
pay no tax on it until you begin withdrawing
funds at retirement, when you'll almost certainly
be in a lower tax bracket and, therefore) required
to pay less.
Your money piles up ontil youre 59%.
If you withdraw any money from your IRA
before you reach the age of 59%, Federal regula-
tions require you to pay a 10% IRS penalty on
that money and perhaps a substantial interest
penalty as well.
But once you hit 59%, nothing can stop you.
You may take your money in a lump sum, receive
it in monthly, quarterly or annual installments, or
even wait until you're 70% —
gin withdrawing funds.
Call or visit any BB&T office today and ask
us about this extraordinary opportunity to save
for your future. Then open your IRA and get
started along the road to prosperity.
When you're ready to retire, you won't look
old. You'll look like a million bucks.
Nobody works harder for your money.
Projected growth shown is based on 12% interest compounded daily on an annual = 3
BRANCH BANKING AND TRUST COMPANY
MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION
contribution of $2,000 deposited on the first day of each year for 35 years.
but no later — to be-
Age: 30 IRA: $2,000
Age: 44 IRA: $78,425
. i Dd
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