Your account does not include highlighter on images.
Searches Highlighted on Image
| December 4, 1975 Shelton Mason County Journal |  |
|
©
Shelton Mason County Journal. All rights reserved. Upgrade to access Premium Tools
PAGE 40 (40 of 40 available) PREVIOUS NEXT Jumbo Image Save To Scrapbook Set Notifiers PDF JPG
December 4, 1975 |
|
|
Website © 2025. All content copyrighted. Copyright Information Terms Of Use | Privacy Policy | Request Content Removal | About / FAQ | Get Acrobat Reader 
|
While pondering thi.¢
very problem (during my normal 4
a.m. walk in the alley) I heard it.
the latest Lemon hit, escaping through
a half-shut window. A sleuthful peep revealed tower-
ing stacks of hoarded records. And in the corner,
Pinky Packrat, playing a Lemon. I burst in. "Packrat,
you dog! You've got every Lemon record in town
stashed here. How could you?"
"Prices," he retorted, "1 heard prices were going
up and there was going to be a shortage of records,
so I bought every one I could get my hands on!"
"Don't you realize ~ou're only rhaking things
worse?" I countered. "lt~ ridiculous to hoard any-
thing ~ to buy things you can't possibly use just be-
cause you've heard rumors' that prices are going up
or supplies down. You're mak- .;..~,,, ~,utt/~r~
ing it impossible for anyone ~~J~.
else to enjoy these platters,
and you're the one who ~.
made prices skyrocket
CZ
by making supplies
so scarce!"
Pinky was im-
pressed. He prom-
ised to return all but
one Lemon, and to show
my appreciation, I pinned
a giant WIN button on his
muscle shirt.
"Whip Inflation Now"... it does make sense for
all of us. And, we can do it if we use our heads. Buy
carefully, use credit wisely, and save--in a credit
union if you can. And read "Smart Saving, Borrowing
and Budgeting." It's a nifty booklet that might help
you out, and it's yours FREE when you write to me:
Cash Barrelhead, PO Box 391, Madison, Wl 53701.
Chow!
Cash Barrelhead is brought to you by more than 23,000 credit
unions in the U.S. And, by CUNA Inc. and
CUNA Mutual Insurance Society.
SECOMD WEEK CONTEST GRID
Missing digits read by KMAS on December 16 during 7
A.M. news. First member to find his account number,
vertically, horizontally, or diagonally on the grid must call
the Credit Union office by Friday, December 19, to win big
cash.
Taxes: Canceled checks, receipts and documents may be
required to calculate state and federal taxes and to justify
deductions, exemptions and other tax items. Be prepared to present
concrete evidence to the government in case of an audit. You can
dispose of weekly or monthly salary statements once you have
checked them against the annual W-2 wage form. Often a canceled
check that directly relates to an entry on your return is sufficient
without supplementary documents. You would want to back up a
check to a drugstore, for example, with a detailed receipt because
the check could cover either deductible drugs or non-deductible
cosmetics. If a charity fails to give you a receipt for donated goods,
draw up a list with the used-market value of each item, the name of
the organization and the date of the contribution. Precise records are
particularly important for business travel and entertainment expense
deductions. How long should you keep tax records? It's best to keep
five years' returns - four back ones plus the latest one fried. IRS
generally stores returns for six years and can furnish copies for $1
for the first page and 10 cents for each additional page.
Real estate: Keep all the records you receive when you buy or
sell a house. They do not all fulfill a legal need, but they may have
other uses. The deed may give a precise description of the property,
and the survey map provides a convenient reference for locating
boundaries when you build fences or other structures. The payment
records of the transaction will be needed, at some time, for tax
purposes. The canceled checks to contractors or the receipted bills
for any permanent improvements you make to property should be
put away for long-term safekeeping. Hang on to those records of
maintenance costs for painting, papering, etc. They can be deducted
as a fix-up expense from the sales proceeds of property if the work is
done.within 90 days before the sale. If you rent a house or
apartment, keep your lease handy. You may need it from time to
time to verify particular provisions.
Warranties, service agreements: Assemble all your warranties,
and appliance instructions and weed out the out-of-date ones. If you
buy an appliance without a printed guarantee, retain the canceled
check or paid bill in case you have to make a claim against the
retailer or manufacturer.
Automobiles: If your state or province issues automobile titles,
keep the certificate in a safe-deposit box together with the original
bill of sale. Put the stickers that show when the oil was changed in a
protected location, such as the back of the glove compartment lid.
Insurance: Keep life policies where your heirs can get at them
quickly. A safe-deposit box is not always the best location because
there may be a delay in permission to open the box. Ask your bank
how long it takes to gain access. Auto, house, and other property
policies should be readily accessible at home.
Birth, death, marriage: These records are vital for many legal and
financial purposes, so protect them in your safe-deposit box. If you
have lost any one of them, apply for a replacement now, before it's
needed. Americans write to the National Center for Health Statistics,
Room 8-20 Parklawn Bldg., 5600 Fishers Lane, Rockville, MD
20852. Canadians write to the Registrar of Vital Statistics in the
capital of the province where the event took place. Specify the type
of record needed. Sometimes it's impossible to secure a copy
because the original was destroyed or misplaced. In place of a birth
certificate, you might use a baptismal record, an affidavit from a
parent or physician, or data from a census survey. Many people leave
1975 Vocational Scholarship
Winner, Gerald Lester
1975 College Scholarship
Winner, Laura Stout
1976 Scholarship Applications available in January
As in past years, the credit union will again be awarding an $800 College Scholarship
and a $400 Vocational Scholarship to a graduating senior from one of the three
Mason County High Schools. All seniors in the county are eligible to apply. Students
wishing to apply for either scholarship are asked to come into the credit union office
during the month of January to pick up the application form. Samples will be left
with the high school counselors in Shelton, Matlock and Belfair. Heading the College
Scholarship Selection Committee for 1976 will be Jim Connolly, with the
Vocational Selection Committee being headed by Wally Ewart. Deadline for receipt
of the application forms will be April, 1976.
Page 4 - Shelton-Mason County Journal - Thursday, December 4, 1975
We all have an assortment of family
records and legal documents. Some are kept
in cigar boxes, some are jammed into a desk
with numerous other family memorabilia or
a dresser drawer along with the socks and
handkerchiefs. Smart people set up an
efficient family filing system with a small
amount of inexpensive equipment. For the
truly important papers, a safe-deposit box
can be rented at the credit union for as little
as $6.00 per year. A large metal file and a
box of 100 manila folders will run you
about $16. It's a good idea, too, to let your
family know where your papers are kept in
case of illness, accident or death. Here is a
rundown of documents that are usually
important enough to retain and safeguard:
SAFEGUARD
Your Social Security Check
by arranging
to have it deposited
Directly to Your account at the
CREDIT UNION
to initiate
this free service
contact
the New Accounts Window
the original copy of their will in the custody of their attorney and
keep one duplicate in their own safe-deposit box and another at
home. If you don't have a regular lawyer, put the original in your
safe-deposit box.
Social Security cards: The card is not as important as the stub to
which it was attached, so keep the stub in a safe place. If the card is
lost, take the stub to the nearest social security district office or call
in the required information for a replacement.
Pension and profit sharing: Before retirement, your pension
benefits are likely to change in line with your salary and length of
service, so keep only the last annual statement issued by your
employer or union. If you leave the company before retirement with
rights to a pension that starts at some future date, make sure to
preserve a record of how much you will receive and when payments
will begin.
Debts: Even though you may be keeping the canceled checks for
the payments on a loan, the contract spelling out the credit terms
might be required to settle differences with die lender and for tax
purposes. Similarly, when you make a loan to someone, the note
constitutes the best evidence of the terms.
Veterans benefits: The two key documents for most American
veterans are the discharge certificate and the service record (the DD
214 form). If you qualify for disability benefits, retain the original
letter from the Veterans Administration specifying the amount to
which you are entitled. Put the discharge, service record and
disability letter in your safe-deposit box. For lost VA records,
contact the nearest VA office. Canadian veterans contact the
Department of Veteran Affairs, Lyon and Wellington Streets,
Ottawa, Ontario.
Securities and savings: Stock and bond certificates should be
kept in your safe-deposit box or the brokerage finn's vault. Many
mutual funds retain custody of shares unless the owner requests the
certificates. A lost certificate should be reported to the issuing
company or its transfer agent immediately. The purchase and sale
confirmations of stock will be recorded on the broker's purchase
statement showing the number of shares, the price, commission and
taxes, if any. This statement should be filed with the certificates to
figure your gain or loss for tax purposes when you sell the shares.
The broker's sales statement goes with your current year's tax
material. Investment dividend payments should be logged in a
separate record to guard against company errors or lost checks. This
record can be discarded once you check it against the annual
dividend summary sent to you (and the IRS) by the company.
Capital-distribution records should be maintained to prove a gain or
loss on tax returns when the shares are sold. Lost savings passbooks
and certificates will often be easily replaced, but some money
institutions temporarily restrict withdrawals.
Passports: Don't throw out an expired passport. You can use it
to satisfy some of the application requirements for a new one. If you
lose your passport abroad, notify the nearest American consular
office immediately. Canadians notify the nearest Government of
Canada office and ask for passport information. These offices are in
Halifax, Montreal, Toronto, Ottawa, Calgary, Edmonton and
Vancouver. If you're at home, Americans may report the loss to the
Passport Office, Department of State, Washington, D.C. 20524.
Photo by Dean
No. 4842
SAVE OVER $1,000
ON 1976 HALF-TON FORD TRUCK
360 cu. in. engine
4x4, 4-speed with
power steering.
WAS $ 5,909.00 NOW
plus tax
and license
Jim Pouley Ford
is the Economy Car Headquarters
For Mason County
Young Credit Union Member,
Courtt /Drebis
$25.00 Winner in
October Bank Bag Contest
Soon-to-be five-year-old Courtney Drebis has
been participating in the credit union Bank
Bag Contest since April. Last month, his
deposit amounted to $25.00; when his
number was drawn as winner, $25.00 was
added to his account. Your child can
participate in the popular Bank Bag Contest
by seeing Dot at the new account window.
Robert Fuller Family
Family Membership Contest
Winners Announced for October
The Robert Fuller family will enjoy a free
family portrait, courtesy of the credit union
and Dean's Studio of Shelton. The six
Fullers, Robert; Percella; Keith, age 19; Gaff,
age 18; Karen, age 15; and Kathy, age 13,
are all credit union members which qualifies
the family to enter this on-going monthly
contest. Your family can enter by notifying
a teller at the credit union. Chances are the
next free portrait may be yours.
Shelton-Mason Count:,' Joum Thursday, December 4, 1975 -
Page 5