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4A Daily News– Wednesday, August 22, 2012 Commerceenterprise business & Corning recognizes business, employer Retaining talent starts with company leaders Daily News photo by Julie Zeeb The Corning City Council reconized Richard Dunbar, DDS, left, as its August 2012 Business of the Month at the Aug. 14 meeting. Pictured are Councilman John Leach and Dunbar. The council reconized Blue Beacon Truck Wash, right, as its August 2012 Employer of the Month. Pictured are Leach and Manager Ted Shoemaker. investing, you may know that the Roth IRA is a great retirement-savings vehi- cle. But are you aware that some of its benefits can also pay off for the next generation of your family? To understand why this is so, it's necessary to be familiar with a Roth IRA's features. For starters, when you contribute to a Roth IRA, your earn- ings have the potential to grow tax free, provided you don't start taking withdrawals until you're 591⁄2 and you've had your account at least five years. The amounts you contributed aren't taxed when withdrawn because you've already paid taxes on the money you put in. And the potential for tax-free earnings can continue even when your beneficiaries inherit your Roth IRA, though you'll need to con- sult with your tax advisor on this issue. A Roth IRA also offers other fea- tures that can help you build resources for retirement while possibly helping your surviving family members. For one thing, you can contribute to your Roth IRA for as long as you have some earned income, up to the contri- bution limits, and as long as you meet certain income limitations. Even if you've officially "retired," you might do some consulting or part-time work. So you could put some of your earn- ings into your Roth IRA. This ability Roth IRA: For your retirement ... and beyond If you're somewhat familiar with to keep funding your Roth IRA virtu- ally indefinitely can give you more flexibility in managing your retirement income — and, depending on how you do manage that income and what your other objectives may be, you may also end up with more money that could be left to your beneficiaries. Also, unlike a tradition- al IRA or a 401(k), a Roth IRA does not require you to start taking minimum distributions at age 701⁄2. In fact, you are never required to withdraw money from your Roth IRA. And by leaving your account intact for as long as possible, you'll potentially have more money available for a variety of options — one of which may involve leaving sums to your beneficiaries. Your non- spouse beneficiaries must take annual required minimum distributions, but they have the option to take the distri- butions over their lifetime. Keep in mind, though, that your Roth IRA is part of your estate for pur- poses of federal estate taxes. In 2012, your estate would be subject to these taxes if it were worth more than $5.12 million (or less, if you made certain Using QuickBooks Everyday/QuickBooks Basics II – The Butte College Small Business Development Cen- ter (SBDC) presents Using QuickBooks Everyday/QuickBooks Basics II. TIE DYE Summer Sale August 1st All month all DVD's 10 for $10 Gold Exchange Go to T-F 10am - 5:30pm • Sat. 10am - 4pm 423 Walnut St., Red Bluff • 528-8000 facebook.com/redbluffgoldexchange C & C PROPERTIES Week 4- Video Games & Game Systems, Toy's, Musical Instruments & Chainsaws Wear Tie Dye SHOP • SPIN HUGE SAVINGS -31st facebook for the weekly Tie Dye Specials 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 An Independently owned and operated Member of Coldwell Banker Residential Affiliates. 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"The Triminator" Featuring Also Ladybugs and Fertilizers Red Bluff, CA 96080 • (530) 527-9166 22755 Antelope Blvd. Open 6 days a week Mon-Sat 10-6 closed Sunday FORECLOSURES AND HOMES UNDER $200,000 2 BD 2 BA 1000 SQ.FT. gifts). In 2013, however, this amount is scheduled to drop to $1 million unless Congress acts on this issue. (Some states also have estate taxes that apply at amounts less than the federal amount.) In any case, if you have a siz- able estate, you should con- sult with your tax and legal advisors. Hiring and retaining top talent is crit- ical to every business' suc- cess. Despite the high number of job seekers looking for work today, many employers are reporting they can't find the right person for the job. To com- bat a lack of skilled workers, businesses are recruiting top talent away from Lisa Susie Mustaine ment goals. However, as a side benefit to investing in a Roth IRA, you may find that you could help out the next generation, or two, of your family. When you invest in a Roth IRA, your goal, first and fore- most, is to help fund your retirement. In fact, basically all your decisions regarding your Roth IRA — how much to contribute, where to invest the money and when to begin taking withdrawals — should be based on your own retire- This article was written by Edward Jones for use by your local Edward Jones financial advisor. Susie Mustaine is a a financial advisor for Edward Jones, her office is at 2130 Main St., Ste. B, in Red Bluff and she can be reached at 527-4729 or susie.mustaine@edwardjones.co m. Using QuickBooks everyday and QuickBooks basics II The workshop will be 9 a.m. – 1 p.m. on Thursday, Aug. 30, at the Butte College Small Business Develop- ment Center, 332 Pine St., Red Bluff. The cost of the workshop is $50 each prepaid or $60 at the door. This workshop will focus on working with lists, bank accounts, using other account types, entering sales information, receiving payments & making deposits, entering & paying bills, as well as an overview of other features related to these activities (downloading bank and credit card activity, scanning and attaching documents to payables, issuing 1099s, memorizing transactions). We will run related reports for these areas as well (i.e. A/R Aging, Unpaid Bills Detail & Missing Checks). Includes manual. The trainer is a Certified Public Accountant and QuickBooks ProAdvisor. Pre- requisite: Introduction to QuickBooks I Pre-registration is required. To register and for more information call the Butte College Small Business Development Center (SBDC) at 895-9017. other companies. And since 80% of employees would consider leaving their current job if pre- sented with other oppor- tunities, according to a survey conducted by Opinion Research Corpo- ration, it's more impor- tant than ever to find ways to retain your employees. Studies have shown time and again that one of the biggest issues behind company retention is poor leadership and communi- cation. An employee's relationship with his or her supervisor is one of the most critical factors in creating a work environ- ment that encourages pro- ductivity, employee engagement, and compa- ny loyalty. Without a strong sense of mutual respect, the people you lead will always be look- ing for a way out. the likelihood of whether or not an employee will leave is in how they inter- act with their boss. So, if interactions around the office seem a little tense and you're worried about turnover, now's the time to make some changes. Invest in Your Lead- A strong indication of Hansen conferences, to help your leadership team better manage their employees – the list is end- less. If you're not sure what training your team needs, ask them for feed- back on where they feel they're lacking in man- agement skills. Or better yet, ask employees what they're not getting from they're man- agers. A great way to do this is through employee surveys that measure your organizations effective- ness. Don't Forget About Company Processes Part of understanding ers Through Training If ineffective leader- ship is plaguing your workforce, then creating leadership development programs for managers and supervisors is a good place to start. The Ameri- can Society for Training and Development report- ed that 51% of companies believe the skills of their current workforce do not match today's market challenges. Companies that invest the most in training and development see an 86% higher rate of return than those that do not. There are numerous training resources avail- able today, including pre- developed training pro- grams, books, blogs, and COMPLETE AUTO REPAIR recommened 30K, 60K, 90K SERVICES AT LOWER PRICES All makes and models. We perform dealer Smog Check starting at$ Pass or FREE retest 527-9841 • 195 S. Main St. (most cars and pick-ups) 2595 + cert. Tony & Carmen Kelley 22679 Moran Road Corning, Ca 96021 530-824-2195 Fax: 530-824-0748 We've Moved More Inventory Bigger, Better Location! 707 Walnut Street (Just across the railroad tracks in the old Act II Building) Second Hand Rose Peacock Emporium & 707 Walnut St., Red Bluff 530-527-3738 Mon-Sat 10am - 6pm Buy 1 get 1 half off with coupon (equal or lesser value) COUPON 2 Egg Breakfast, Hashbrowns & Toast $2.99 Burning Daylight Special $3.45 add 2 Bacon or 2 Links for $1.00 (with either Breakfast) Coffee only 95¢ until 8am Double Cheese Burger w/ French Fries $ the everyday menu entrees August Specials 8 oz. Black & Blue Ribeye Dinner $13.95 4.99 201 Antelope Blvd. Red Bluff, CA 96080 530-528-2360 Coffee NOW .94¢+tax LUNCH & DINNER SPECIALS EVERYDAY Coming Soon Beer & Wine! Best Homemade Pies in Town Ice Cream Orders to go 731 Main St., 530.529.4012 open 7 days 5:30am-9pm how to effectively manage others is by understanding company policies, processes, and culture. Make sure your business leaders fully understand policies and procedures – like the employee review process – that can have a big impact on workers. A study by the research and consulting firm, Burke International, recently found that out of the 70% of employees who receive annual reviews, less than half believe they're effec- tive at evaluating their performance. That could be due in part to how lead- ers administer reviews and the overall communi- cation about performance evaluations. Making sure your company's leaders can effectively imple- ment, follow, and commu- nicate company process and procedures is impera- tive to your success. Employee turnover costs can be expensive for your business. And when one employee leaves it can have a domino effect that impacts your entire team. With the expense of replacement hiring and training expenses, along with lost productivity, turnover cost businesses billions of dollars each year. If you're facing the possibility of attrition in your company, start mak- ing changes by develop- ing more effective leaders who encourage – not hin- der – employee engage- ment. Lisa Hansen owns Express Employment Professionals, 243 S. Main St. in Red Bluff and can be reached at 527- 0727.