Times-Press-Recorder from Arroyo Grande, California • 5

www.timespressrecorder.com Wednesday, June 12, 2002 Five Cities Times-Press-Recorder, Arroyo Grande, Calif. Page 5 Business Cultivating young growers KSBY to be purchased by New Vision Group owns three other television stations on the East Coast and is acquiring other broadcast properties. Actual transfer of the license is scheduled for late summer following approval by the Federal Communications Commission. KSBY 6, a local NBC affiliate serving San Luis Obispo and Santa Barbara counties, can be viewed on cable channel 4 in San Luis Obispo County and cable channel 6 in Santa Barbara County. KSBY also operates WB affiliate KWCA, viewed on cable channel 5.

Based in Atlanta, New Vision Group is a rebirth of one of the most successful broadcast groups of the mid-1990s, Elkin said. New Vision has additional stations under letters of intent to purchase and plans to acquire at least 10 television stations in a relatively short period of time. New Vision is excited to be purchasing the No. 1 station on Californias Central Coast, and were looking forward to moving the station into digital transmission and other opportunities for expansion, Elkin said. Central Coast-based SJL TPRMIke Hodgson Members of the Central Coast Greenhouse Growers Association presented a check for $6,806 to Nipomo High School last Friday to help construct one of two greenhouses on the campus in 2003.

The presentation, made on the rim of the new schools amphitheater, was attended by, from left, Jennie Christensen of Koch California Jennifer Scarano of Native Sons Nursery, association administrative director Sharon Needham, NHS Principal Bob Mistele, association President Eric Djafroodi of Clearwater Nursery, Sandy Leyva of Ball Tagawa Growers, Cees Dobbe of All Seasons Flowers and Angela Thompson of Eufloria Flowers. The money was raised through flower and plant sales during the associations open house in April. Needham said the association plans to continue its support of the NHS Agriculture Department and hopes to raise enough money this year to pay for construction of the second greenhouse at the school. Simple steps can keep you from ruining your retirement Insurance Professionals, McHugh is responsible for overseeing and implementing the lobbying and regulatory agenda of the CCIP Steering Committee. She recommends and implements proactive legislative and regulatory programs.

Check-in is at 1 1 :30 a.m. The cost for lunch is 1 3 Prior to the meeting, members and prospective members are invited to attend a continuing education class. The topic will be Retirement Income Planning for Older Americans, focusing on the distribution planning of retirement income. The moderator will be James Eckley. The class begins at 10:30 a.m.

For information and reservations, call 549-6372. CCAIFA is the local association of the California Association of Insurance and Financial Advisors, which represents close to 5,000 financial service representatives, insurance agents, brokers, financial advisors and managers in California. BusinessBriefs standards in the various affiliated companies of the insurance organization. This will be Baimas 17th time to qualify for the prestigious club. Baima represents Farmers through Beach Cities Insurance at 968 Grand Ave.

in Grover Beach. He can be reached at 481-5324. CCAIFA to install officers The California Association of Insurance and Financial Advisors local chapters last program and meeting of the year will be held June 20 at the ShoreCliff Restaurant in Pismo Beach. Installation of next years CCAIFA officers will take place during the meeting. The program topic will be Legislation and Regulatory Measures and the Impact on Professional Agents.

This months speaker will be Sheri L. McHugh. As senior vice president of the Coalition of California niUKm. TPR STAFF SAN LUIS OBISPO -SJL of California LP has agreed to sell KSBY-TV to New Vision Group, according to George Lilly, chairman of SJL of California, and Jason Elkin, chairman and CEO of New Vision Group. SJL was very pleased with the progress KSBY-TV has made during its six years of ownership, said Lilly, citing the new broadcast facility in San Luis Obispo as the companys greatest achievement.

Chambers to hear about health care Dr. David Harris, president of the San Luis Obispo County Medical Society, will discuss Current Health Care Issues at the June 19 combined luncheon of the Arroyo Grande, Grover Beach and Pismo Beach chambers of commerce. The luncheon is set for noon at Rosas Italian Restaurant, 491 Price in Pismo Beach. The cost is 1 5 and reservations are due before noon Monday by calling the Arroyo Grande Chamber of Commerce at 489-1488. McDonalds owners pass along Hawaii Keith and Deborah Hand-ley, owners of the two McDonalds in the Five Cities area, recently returned from a four-day trip to Maui they earned in recognition for excellence in their restaurants.

The reward was conceived and designed by the West Division and awarded by McDonalds. In recognition of the total team effort involved in winning ihe prestigious reward, the Handleys have also rewarded their salaried managers with their own one-week vacations in Hawaii. The managers will enjoy the islands this fall. Farmers honors Baima 17th time In recognition of outstanding sales and customer service achievements in the insurance business, Breven Baima of Grover Beach will be honored by Farmers Insurance through membership in the companys Topper Club, said Martin Fein-stein, vice president. Topper Club honors are made annually by Farmers Insurance to agents and district managers throughout the company.

The honors are awarded in recognition of those who meet significant production BRING YOUR HAS IT (ROVER BEACH 474-1053 purchase a home by the lake and stay there six months of the year. Theres nothing wrong with any of these goals, but they can be dauntingly expensive. Before you plunge into a costly new lifestyle, try it out first. Instead of buying a RV or a condo or a cottage, rent one. Youll be under no long-term obligation, and youll learn whether your dream lifestyle is really what you expected.

Consider part-time work. Dont close the door to work just because youre formally retired. If you enjoyed what you did in the working world, consider doing it on a part-time basis or as a consultant. Youll be doing something you like, while you bring in income that can help preserve your retirement funds. Be aware, however, that your earned income could affect the amount of Social Security that you receive.

By making the right financial and investment moves, you can achieve the freedom you need to make your retirement years rewarding and enjoyable. So, think carefully about what you need to do and then do it. A happy retirement is waiting. Bill Dugan Jr. is an investment representative for Edward Jones.

His Arroyo Grande office is at 703 E. Grand Ave. and can be reached at 489-1636. Money Matters Bill Dugan daily during your early retirement years. Look instead to other sources of income, including Social Security, personal savings, tax-exempt municipal bonds and, if you have one, a traditional pension.

Dont sell all your stocks. Todays healthier lifestyles have enabled many people to live two or three decades in retirement. Thats a lot of years to pay for so you may still need some growth-oriented investments, such as stocks. A qualified financial professional can help you choose the stocks that meet your individual risk tolerance and that fit within your diversified portfolio. Also, when you sell stocks, especially those with a substantial gain, you could change your tax situation.

So, before you sell, consult with your tax advisor in addition to your investment professional. Dont rush into an expensive new lifestyle. Many people have big plans for retirement. Theyll buy a recreational vehicle and travel around the country. Or theyll buy a condominium by a golf course and hit the links every day.

Or theyll Throughout your working years, you save and invest so that you can create a comfortable lifestyle in retirement. After youre retired, though, you still need to do some financial planning if youre going to maintain thatllifestyle. To keep your retirement plans on track, you can take a number of steps. Here are a few of the most important ones: Determine your income level. Before you retired, you knew the source of your income your paychecks.

But in retirement, you may have multiple sources of income investments. Social Security, pensions and retirement plans, such as your401(k). Once you know how much money you have coming in, youll know how much you can afford to withdraw, so that you wont run the risk of outliving your resources. Protect tax-deferred vehicles. Many people think that theyll automatically enter a lower tax bracket when they retire.

But thats not the case. If you have significant income from savings, retirement plans and investments, you could easily stay in the same tax bracket or even move up. Thats why its important to preserve your tax-deferred accounts such as your IRA and your 401 (k) as long as possible. Try to withdraw as little as you can from those vehicles, espe- PB chamber The Pismo Beach Chamber of Commerce is still accepting donations for the. fireworks celebration to be presented July 4 at the Pismo Pier.

A giant thermometer is in place in front of the Chamber of Commerce office to chart donations. The annual Independence Day celebration and state-of-the-art fireworks spectacular is so popular that chamber officials said they expect That's why we call it Old Fashioned Checking. so you don't pay a fee to use your own money. Free checking. No fees.

No minimum. Debit card. Online banking. taking fireworks donations stop by the chamber office at 58 1 Dolliver or call 773-4382, Ext. 207.

GIANT CLOSEOUT 4 44 more than 30,000 people to attend this year. Donation canisters are available at the chamber office and at numerous local businesses around town. Businesses or individuals who donate $500 will be members of the VIP Club. Members will receive VIP seating and a banner that will be displayed on the pier for the Fourth of July celebration. For more information.

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