Insurance Agents Report -- Jan.

Helpful Hints to Save Money
Now that the holiday season is over, tax season is
around the corner. A couple of reminders before you
start working on your taxes. If you have not contributed
to your IRA or a Roth IRA for 2004, it is not to late. You
can contribute up to a maximum of $3000 for 2004,
$3500 if you are 50 or older, and have earned income.
You can contribute up to the maximum until April 15, 2005
and apply it to 2004. Be sure you contribute before
you complete your tax return.

If you already maximized your IRA contributions for
2004, after January 1, 2005 you can contribute to
your IRA for 2005 up to a maximum of $4000. or
$4500 if you are 50 or older. If you have money
sitting in the bank at low interest, consider putting
it into an IRA with the Knights Of Columbus. Not
only is the interest higher than bank accounts or
Certificates Of Deposit (CD's), but rather than paying
income tax on the little interest you earn, a Roth IRA
allows you to draw your money out for retirement and
you do NOT pay any taxes when you withdraw, EVER.

Looking for a safe way to save money for your children's
education? A Roth IRA allows you to draw out your funds
for education with no penalty and your interest is tax
deferred while you are building your nest egg.

Your future starts tomorrow. Contact me today.

Bob Klein F.I.C. / F.I.C.F.
(636) 928-0510 E-MAIL bobkleinkofc@msn.com