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4A – Daily News – Wednesday, August 25, 2010 Commerce business It sure is heating up! And I am not just talking about the tempera- ture. Your Chamber Executive Committee, Board of Directors and several dedicated members have been busy staying in touch with the current events and issues that impact our community. Strategic Advance – 4 Core Competen- cies: Several dedicat- ed Chamber Directors; now Core Competency Champions, have been crafting detailed plans to support what you, our members, said you wanted in the recent spring 2010 membership survey. Caren Svejda (Sierra Central Credit Union), Bill Hill (Plum Crazy), Kathy Schmitz (Job Training Cen- ter and TC Economic Development Corporation) and Greg Stevens (Daily News) have been addressing these four core competencies that were the result of our May Strategic Advance work. On Aug. 17 the cul- mination of this work was present- ed to the City Council to ensure they remain in touch with our efforts to enhance and improve membership. Specifically, watch for enhancements in the areas of Membership, Group Cohesion, Branding and Communication. Curious about these four areas? Just call Dave at the office and he can put you in touch with more detail or better yet, you can connect with one of the champions and participate in Like most people, you probably save and invest throughout your working years so that you’ll be able to afford a comfortable retirement. Once you retire, you’ll want to focus on strategies to help you make the most of your retirement income — and you might want to become familiar with these ideas well before you retire. Basically, you’ll have some "must do" moves and some "think about doing" moves. Let’s take a look at the "must do" ones first: • Take the right amount of distributions from retire- ment plans. Once you turn 59, you may be able to take penalty-free withdrawals, or distributions, from some of your retirement accounts, such as your tra- ditional IRA and 401(k). But once you turn 70, you generally must start taking distributions from these accounts. Your required minimum distribution, or RMD, is based on the pre- vious year’s balance in your retirement plan and life expectancy tables. You can take more than the minimum, but you’ll want to make sure you don’t take so much that you out- live your savings. & the improvement initiatives. Government Relations – Staying on top and in touch: Another busy group has been the Government Relations Committee (formerly Governance). This team of detailed-oriented, focused individuals has been organizing the collaborative efforts with the city called Red Bluff Rebound. This group continues to vet the detailed plans and ideas focused on improving our local economy and creating local jobs. Related to this effort was a recent meeting held between this committee and the lead Contractors for the Red Bluff Diversion Dam project. The city asked your cham- ber to facilitate a meeting with these companies to determine the actual number of local jobs that would be created from the project. You may have read about the out- come in the last weekly chamber update (look for it in the Daily News). An Active Board of Directors: Your Board of Directors has also been involved in a smattering of concerns from development impact fee studies, to the creation of a political action team and candidates night to the facilitation of conversa- tion between Red Bluff and the Tehama District Fairground and events regarding the cost of traffic control. And we cannot forget about the phenomenal and exciting work • Maximize your Social Security benefits. You can start collecting Social Security as early as 62, but if you wait until your "full" retirement age, which will probably be around 66, your monthly checks will be larger. And if you wait until after your full retire- ment age before you start collecting benefits, your checks can be even larger, though they’ll "top off" when you turn 70. What should you do? Start tak- ing the money as early as possible or delay pay- ments, waiting for bigger paydays? There’s no one right answer for everyone. To get the maximum bene- fits from Social Security, you’ll need to factor in your health status, family history of longevity and other sources of retirement income. Now let’s consider two moves that you may think about doing during your retirement years: • Purchase income-pro- ducing investments. Out- side your IRA and 401(k), you may have other invest- ment accounts, and inside these accounts, you’ll need a portfolio that can pro- duce income for your retirement years. You may enterprise President’s Post-it for August of the branding efforts. Branding Tehama County: For those who were unable to attend, you missed a remarkable and stunning day with Roger Brooks of Destination Develop- ment International. Brooks was hired in part by the chamber, Con- vention and Visitors Bureau, Tehama Economic Development Corporation and Job Training Center (just to name a few) to ana- lyze our community through the eyes of a visitor and make con- crete recommendations on how we should proceed with a branding effort. Kathy Schmitz and her team at the Job Training Center will now partner with our newly revived Convention and Visitors Bureau, led by Kate Grissom and Amy Gonczeruk of Rolling Hills Casino to launch into a branding effort that will focus on creating an identity that will sell the Tehama County experience increasing our rate of visitors and tourism. And I hope we all know what that means – more Transient Occupancy Tax which means more chamber and C&VB funding to reinvest in you, our members, and our mission to pro- mote the growth and prosperity of local business. Kristin Behrens is president of the Red Bluff-Tehama County Chamber of Commerce and marketing director for St. Elizabeth Community Hospital. How to generate retirement income — during retirement choose to own some investment-grade bonds and certificates of deposit (CDs), both of which can help provide you with regular interest pay- ments at rela- tively low risk to your principal. However, these investments may not help you stay ahead of inflation, which, over a long retirement, can seriously erode your purchasing power. Conse- quently, you also may want to consider dividend-produc- ing stocks. Some of these stocks have paid, and even increased, their dividends for many years in a row, giving you a chance to obtain rising income. (Keep in mind, though, that stocks may lower or discontinue dividends at any time, and an invest- ment in stocks will fluctu- ate with changes in market conditions and may be worth more or less than the original investment when sold.) • Go back to work. In your retirement years, you Tyler Smail may decide to work part time, do some consulting or even open your own business. Of course, the more earned income you take in, the less money you’ll probably need to withdraw from your investments and retirement accounts. How- ever, if you’ve started collecting Social Security, any earned income you receive before your "full" retire- ment age will likely cause you to lose some of your bene- fits. Once you reach full retirement age, you can keep all your benefits, no matter how much you earn. Keep these strategies in mind as you near retire- ment. They may well come in handy. Tyler Smail is a a financial advisor for Edward Jones, his office is located at 733 Washington St. in Red Bluff. He can be reached at 529-3627 or tyler.smail@edwardjones. com. Olive Fest week • New Members – The Corning Chamber of Com- merce welcomes these new members: Art by Nancy, (530) 736-6181 and Beyond Satellite, (530) 228- 8286. • Debadoo & Company – There will be a Tri-Tip Dinner Fundraiser next Saturday, Aug. 28, from 4:30 to 8:30 p.m. at the Veterans Memorial Hall. Enjoy live music and special guest stars. The cost is $10 per plate. Dinner includes Tri-Tip, beans, salad, French bread, drink and dessert. Debadoo & Company singing and dance students are raising money for their trip to the "2011 BRAVO National Dance & Talent Competition" in San Diego. For more information or to purchase your pre-sale tickets, call Deb Meents at 680-9153. • Olive Festival Week – 6 to 8 p.m. tonight kids of all ages are invited for the last swim of the season at the City pool at North Side Park, for the Annual Water Festival, with free swimming as well as some contests and prizes. Tomorrow you are invited to the Olive Fes- tival Mixer at Bell Carter’s break room; 1012 Second Street from 6 to 8 p.m. Friday is the parade at 6 p.m., starting at the corner of Houghton Ave. and Solano by the Memorial Hall. The Bed Races will follow at 6th and Solano. Saturday, at Woodson City Park there will a pancake breakfast, fun run, all kinds of kid’s activi- ties, craft and food vendors as well as information booths, fireman’s hose down, entertainment, cook- offs, raffle drawing and the olive drop. Don’t miss the fun. Come out and bring the kids for a fun day in the park. • Life Line Screening – Tuesday, Sept. 21, at Har- vest Christian Center, 1006 6th Street in Corning. Life Line Screening is the leading provider of com- munity-based preventative health screenings in the U.S. Currently, in neighborhoods like ours, Life Line is screening approximately 1 million people each year, adding to the 6 million previously screened since their beginning in 1993. The stroke, vascular disease and heart rhythm package; all 4 tests for only $149. Add an osteoporosis screening for $10 more. All 5 tests for $159 ($86.00 savings). Pre-registration is required. Call 1-800-679-5192. Source Code: ISC- 5603. • Tehama Jubilee - The Tehama County Museum will be holding its 29th Annual Jubilee from 8 a.m. to 6 p.m. on Saturday, Sept. 11, from at the museum grounds, 275 C St. in Tehama. Last week we gave the date as September 12, so take note of the date change. There will be live music, great food, crafts, a new museum exhibit, antique appraisals and a variety of activities. To volunteer, obtain additional information or to discuss your raffle item donation, please call Linda Middlebrough at (530) 200-4071 or email her at tcmuse@tehama.net. • State Fund’s Employer Education Series – Sept. 9, from 8 a.m. to noon at the Holiday Inn, 685 Man- zanita Ct in Chico the Are you ready for Cal/OSHA? Learn what to expect during a Cal/OSHA inspection and about some of the most commonly cited Safety Orders from a Senior Safety Engineer with years of experience in Cal/OSHA’s Enforcement Unit. To reg- ister online go to www.statefundca.com or call Jen- nifer Enriquez at (530) 223-7166. • SCORE Workshop – Mark your calendar for a new workshop series from Score Chico; Is Starting a Business Right for YOU? Sign up for QuickSTART™ a series of 5 workshops to make a smart start. Regis- ter for the SCORE QuickSTART™ series today. Ses- sion 1 begins Oct. 2 and every Saturday in October. All sessions begin at 9 a.m. and end at 11:30 a.m. The workshops will be held at the Chico Chamber of Commerce Third and Salem streets. The first session is free. The rest of the sessions are $20 each. Pay for the four workshops in advance and you’ll pay $70. For more information and to register go to scorechico@sbcglobal.net. ——— This column is prepared and submitted by the Corning Chamber of Commerce. News tip? Call 527-2151 Attention Tehama County Teachers! You could win one of THREE $100 gift certificates at Raley’s. Just sign up to receive FREE copies of The Daily News to use as teaching aids in your classroom. Request by 5 PM Tuesday, August 31 Contest details and order form online at http://www2.redbluffdailynews.com/special_section/171 or call 527-2151 ext 128 for more information D NEWSAILY RED BLUFF TEHAMACOUNTY BOOK BARN Used Books Tues-Fri 10-5 Sat 10-2 THANK YOU RED BLUFF We are now celebrating our 16th Anniversary 619 Oak St., Red Bluff (530) 528-2665 2390 Athens Ave. Redding CA 96001 530 244 1400 www.avantitravel.com *NO CHARGE FOR OUR CRUISE AND TOUR BOOKINGS Why Use a Travel Agent? *EXPERTISE *SAVINGS * PEACE OF MIND * BEST PRICING Wedding registry and destination weddings Remember without a Travel Agent you are on your own cst# 2007495-40 Watch for the PBR insert in Tuesday’s paper on August 24th