Rio Grande Herald (Rio Grande City, Tex.), Vol. 35, No. 100, Ed. 1 Thursday, September 13, 1979 Page: 8 of 10
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THE RIO GRANDE HERALD
THURSDAY, SEPTEMBER 13,1979 PAGE 8
HUNTERS DELIGHT
6 CU. FT. WHIRPOOL CHEST FREEZER,
LIKE NEW S125°°
Priced To Sell Right Now! Call
TRIPLE L FURNITURE
487-3300
VALUE RATE
iUSED CAR
75 MUSTANG CHI*,
small V-8, AM-FM 8 track, buckets, con- £ m
sole, automatic, PS, vinyl root, extra
Help For Rural
Communities
nice.
78 OLDS
Cujtlass Supreme, AC, PS, PB, buckets,
console, automatic
75 CUTLASS
Supreme coupe, automatic, air, PS,
radio, low mileage, sharp
*4995
*2695
77 OLDS 98 $400 C
fully loaded, ■ ^
*2695
*1795
TUNE-UP WINNER- John Shuford is greeted by Francisco Garza, left, as he
brings his pickup truck for a free tune-up at the new Rio Motors. Shuford won the free
service at a drawing during Rio Motors Grand Opening.
Because of the Texas
Community Improvement
Program (TCIP), rural
residents don't have to ac-
cept poorer community
facilities and services than
their urban counterparts.
Trie Texas Agricultural
Extension Service in
cooperating with investor-
owned electric utility
companies is conducting the
TCIP to help rural com-
munities of under 1,000
population to deal with their
problems, says Tim L.
Shaunty. Shaunty is an
Extension specialist in
community resource
development, Texas A&M
University System.
According to Shaunty, the
TCIP assists local citizens
without the usual "red
tape." Although the
program has no available
funds, free help is available
to those who seek it.
Shaunty says many rural
residents have received
facilities and services
through TCIP.
If your community could
be improved and you are
willing to work, contact your
local county Extension agent
for more information,
suggests the community
resource development
specialist.
Shaunty adds that the
TCIP sponsors an annual
awards program to
recognize those rural
communities that have
made significant progress
in overcoming economic and
social problems.
HERRERIAS
ELIZONDO
PROFR.HECTOR M.
ELIZONDO CARBAJAL
(SERVICIO A DOMICILIO)
FABRICACION DE PUERTAS, VENTANAS,
REJAS Y BARANDALES ME1ALIC0S
Canales Y Escobedo 509
Cd.Camargo.Tam.
Tel. 4-00-27
fully loaded,
76 SUNBIRD,
AC, four speed trans., bucket seats, gas
saver
73 CADILLAC
Eldorado, loaded, low miles
77 PONTIAC _
Gran Prix, V-8, automatic, bucket seats, |7QUV
console, nice w I w
76 FORD
Gran Tornio, station wagon, air cond.,
P-B, AM-FM stereo, cruise control and
much more
74 PONTIAC
LeMans, 2 door sport coupe buckets,
console, vinyl top A-C, P-B, rally wheels
74 OLDS
Delta 88 tour door, AT, A-C, P S, P-B
*2495
*1395
*1195
MIC
□LDSMOBILE
%«&*<ec"ca m
mmm
HOUSE FOR SALE
2 Bedrooms, Frame, At 506 W. Guerra,
Rio Grande City
Also Like New 1979 LI D Ford, 2-door
Give equity, and Pick Up Payments
During Day Call 487-2585
After 5 P.M. Call 487-5418
Mrs. R. Clarke
Igu* Tssiaa'jasrJM
&
PEARL LIGHT
Only 68 Calories
1 h Gr. Carbo.
NO FAT
Great Taste
m
i
LESSCAIXHuSV
LiVK niAN (* * i "lyp J i
rtWMII * «/
GENERAL MOTORS BWJTS DIVISION
CAREER CENTER IN RIO GRANDE CITY-
Texas State Technical Institute's new Mobile Career
Center will be on display at Starr Plaza Shopping
Center, September 14-15, from 10:00 a.m. to 6:00 p.m.
The Mobile Career Center will be showing "Futures,"
the professionally produced movie about the TSTI
Harlingen and other TSTI campuses. Gilbert
Garcia, recruiting coordinator, will be on hand to
describe the school's programs to prospective
students, parents and counselors from the Rio Grande
and Roma area.
savings
public
f tax-deferred x ,a<5?
program
* employees * ** G
Luxury And Comfort
At Affordable Prices "
MERCURY
GRAND
ARQUIS
NOT $10,000
5T U
Stock No. 7976
ONLY
'7895
00
RAMIREZ FORD SALES INC
601 WEST MAIN
RIO GRANDE CITY, TEXAS
A*
Valley Federal is now
offering a tax-free savings
program called
Deferred Compensation.
l
No Income taxes on the money
you save or on the interest it
earns, not until you retire.
2 Absolutely no charge for setting
• up the program.
3 Your savings instantly earn
• 8% interest, compounded
continuously.
4 You could save a substantial
• portion of your paycheck
(25% up tu $7,500 per year)
5 Savings are conveniently
• handled automatically by pay-
roll deducation each month.
i No conflict with your existing
ietiieivient plans
Here are the answers to the
most often asked questions
about Valley Federal's tax
sheltered Deferred Compen
sation plan.
0: What l« Dafarrad Compensation?
A The deposit by your employer of a por
tion of your wages in a savings account
or certificate of Deposit, through a
payroll deduction You do not pay in
come tax on the amount saved, or the
interest earned, so long as it remains in
vested
Q: Who I* eligible In a Deferred Com
panaatlon plan?
A All employees of Districts and Agencies,
who have adopted a Deferred Compen
sation benefit plan
O: How ia monty Invested?
A In a no minimum 30 day 8% Certificate
of Deposit* at Valley Federal Savings
interest compounded continuously
'Intefeet penalty if withdrawn before the 30 day te'm
Q: How doaa Deferred Companaatlon
sava lax dollars?
A: You pay no taxes on the money in
vested or interest earned until you
decide to withdraw accumulated savings
and earnings K you are saving for
retirement, for example, the chances are
excellent that you will be in a lower tax
bracket and s*ve tax dollars on the
money withdrawn.
O: What la lha minimum amount thai
can be Invested In Deferred Com
panaatlon?
A This will depend on the rules of your
employer Valley Federal has established
a minimum of $10 per month
Q: la thara any limit on tha amount that
can ba placed In Dalarrad Compen
eat Ion?
A Federal lew limits the amount that public
employees may defer to 26% of gross
pay not to exceed $7,500 in a given
year This same law allows certain
employees who are within thiee years of
normal retirement (age 62 to 66) to defer
up to *15,000 per yeer Individual
employers may have lower limits than
those established in federal law
O Can the plait be stopped?
A Yes l he payroll deduction ma / t It stot<
ped at any time
Q; What happens to the accumulated
savings II tha plan 1s stopped '
A They will continue to grow in the isual
systematic way. even if no more money
is added to the account
Q What happens If I change jobs?
A You may receive your account at that
time or you may defer receiving it to
sometime or date in the future If youi
new employer has a Deferred Compen
sation plan, it may be possible to
transfer your present account to the
new employer and continue youi Defei
red Compensation plan
Q Suppose I should dla while tha plan
Is In allact. What happans .o tha ac
coumulatad tunds?
A They become the property of youi July
designated beneficiary or your estate as
you have indicated
Q: Ara my praaant ratlramant plan
banaflts affactad In any way through
participation In Dafarrad Compansa
tlon?
A No Benefits from existing plans are not
aWected in any way
ilow iocn may I o<<gl.~. i ly Dafarrad
Compensation plan'
As soon !i > you a. i.l youi employer sign
tlio AM.ecri.eni torrtis
wl.at costs aia Involved In Dalarrad
Compensation?
There are absolutel', no osts associated
with trie Deferred Compensation plan at
Valley Federal
Mow does the money invested In a
Deferred Compensation program
compare with the same amount of
money Invested In a non tax
sheltered savings program?
Assuming a 30% lax bracket the follow
nig i ha.i competes S135 per month in
vested at b'V. compounded continuously
both an oidiriaiy savings plan and a
Deferred Compensation plan at Valley
FerJfcia! Savings
Oioiiidr, Oetened
■ '"J . Suv iys> Compensation
$15 602 4.'* $24 898 78
20 46 154 51 80 307 16
ica.is /o., accumulate b/% MORE
"fened Compensation account
a D
r
i
i
i
i
i
i
L.
/ALLEY FEDERAL SAVINGS
Hit* Oft/KM Vfcflfcyte A t ior>
POST OFFICE BOX 879 / MoAULtN TEXAS 7SSO'
DEFERRED COMPENSATION
' V , , I \
\w*
(512) 686—0283
□ Yes, I AM interested in a Personal Conference.
Neme
Artd.eW
Home T Blip hone
Wort Telephone
Employer
.
'I
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Silva, Marcelo. Rio Grande Herald (Rio Grande City, Tex.), Vol. 35, No. 100, Ed. 1 Thursday, September 13, 1979, newspaper, September 13, 1979; Rio Grande City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth194732/m1/8/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rio Grande City Public Library.