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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Mar 04, 1985
Page
6
A Bankers Trust ad promotes Individual Retirement Accounts as safe long term investments. It urges avoiding high risk funds and highlights deductible contributions tax deferral and potential lower taxes on withdrawals. It notes a $2,000 annual limit and April 15 1985 deductible date for 1984 income.
The article explains IRA eligibility is broad, requiring earned income and under age 70 The piece notes earned income includes wages bonuses commissions tips and alimony and excludes rent interest and dividends Bankers Trust is highlighted as an option for those who qualify
Bankers Trust advertises three IRA funding options: 18 month Fixed Rate with as little as 25 dollars, 18 month Floating Rate with minimum 25 dollars and payroll transfer, and Self-Directed IRA with 2000 dollar minimum, 25 dollar annual fee. It notes 100000 dollar insurance, penalties for early withdrawal, and a 1984 tax deduction deadline of April 15 by 1 pm.
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