Newspapers / The Kings Mountain Herald … / April 8, 1982, edition 1 / Page 23
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• !• Thurwlay. April 8. 1982 KINGS MOUNTAIN HERALD-Pag. 9B Laura A ; A IVkins. ^ • • IRA OFFICERS - Pictur«d abov* or# n«wly- •I«ct«d oificart oi th« Grsatar CUv*land Council oi tho Intornotionol Hooding Associa tion. who worn instollod during coromonios at tho onnual banquot of tho ossociotion lost Photo by Gary Stowart wook at Bothwaro School. Loft to right aro loyco Wright, troosuror; lonet Walkor. prosi- dont; Barbara Boom, vico prosidont; Beverly Price, secretary: and Howard Bryant, outgoing president. KMCC Women’s Golf Events Are Scheduled The Kings Mountain Women’s Golf Association held a board meeting April 6 to discuss coming events. The women will be traveling to Statesville April 29 for the Foothills Golf Play Day. It will begin at 9:30 a.m. Any ladies in terested should call Ginnie Arnette at 739-2182 before April 16. Kings Mountain Country Club will have its Mixed Team Championship April 24-25. To register, golfers should call the KMCC pro shop. The Tuesday Morning Women’s Golf schedule will begin on Tues., Apr. 12. Action will begin at 10 a.m. Foursomes will be decided on Tuesday mor nings. Token prizes will be awarded. HONORED - The Greater Cleveland Council oi the International Reading Association honored three area educators ior their con tributions to the reading programs in the schools at the IRA's annual bonquet last week at Bethware School. Pictured, left to right. Photo by Gary Stewart with their certificates oi appreciotion are Faye A. Burton, principal oi leiierson School in Shelby. Joyce Wright, teacher at Burns Junior High School, and William Davis, Superitendent oi Kings Mountain District Schools. f ONETHIN&SFORSURE WITH AN KA FROM BBSLVOUUAGEWOL Your age is going to inaease with time, of course. There’s no getting around that. But, with an IRA, so is your fortune. t ^^uconMierireomHIioiioire.* If you start your IRA (Individual Retirement Account) when you’re in your early thirties and interest rates stay about ^e same as they are now, a $2,(XX)-a-year investment will m^e 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. Ymi1I pay lower income taxes. As long as you’re a wage earner, whether or not you have a retirement plki where you work, I 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 eveiy penny of it from that year’s gross income. Which means real tax savings. Yow 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. YlMir money piles up until you're 59!^. If you withdraw any money from your IRA before you reach the age of 59*4, 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'/^—but no later—to be 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. Youll look like a million bucks. DBB&T Nobody works harder for your money. Age: 30 IRA: $2,000 Age: 37 IBA: $23,454 Age: 44 IRA: $78,425 Age: 51 IRA: $207,200
The Kings Mountain Herald (Kings Mountain, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 8, 1982, edition 1
23
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