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A LITTLE GREENER ON OUR SIDE OF THE FENCE. Move toThc South and earn 15% on an Individual Retirement Account, guaranteed through April 30. Bank of the South is offering something really special A new retirement plan that comes with a special interest bonus And you can invest in it even if you have a pension plan where you work Our new 18-month Individual Retirement Account (IRA) pays 15% an null interest through Apnl 30th, 1982, with a minimum opening deposit of only $2,SO Then, beginning May 1st, you’ll earn an attractive rate of interest which will be adjusted monthly based on the most recent 91-day Treasury Bill rate This will allow your return to vary with certain money market conditions Our IRA lets every wage earner salt away up to $2,000 each year, and deduct that amount from gross NO T E Bcfoir you act. grt complete details —including a full disc losure statement — from Bank of the South Federal regulations require substantial penalties for early withdrawal from an IRA With certain limited exceptions, it you withdraw funds from your IRA before you reach age ycxj must pay Kith regular income taxes on the amount withdrawn and a federal income tax penalty of IO% of that amount In addition. under applicable hanking regulations you may incur a penalty of 6 months interest on the amount prematurely withdrawn Member FL'NC income for tax purposes. If you and youi spouse are both employed, each of you is able to invest up to $2,000 annu ally. And when you do pay taxes on your investment, it will probably be after age 59^/2 when you should be in a lower tax bracket 1 hesc tax benefits, combined with the rate of interest you'll earn, mean that you can butld a much greater retirement fund with this plan than with many other regular taxable investments We have other IRA plans as well, offering a vanety of terms and interest rates (One plan even allows you to make regular automatic deposits of as little as $50.) We'll be happy to discuss IRAs, and the vanous plans available, with you Just call or stop by the Bank of the South office nearest you, or call 52944 00 And if you investigate the plans offered by other financial institutions, we’think you’ll want to move to The South PAGE II THE SOUTHERN ISRAELITE Jmnuary 15, IW2