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About Illinois Valley news. (Cave City, Oregon) 1937-current | View Entire Issue (Feb. 1, 2006)
Page 5 Illinois Valley News, Cave Junction, OR Wednesday, February 1, 2006 ‘Outstanding’ nominations due Feb. 10 Know a person or an organization deserving of recognition for their commu- nity efforts during 2005? Friday, Feb. 10 is the deadline for nominations for the I.V. Chamber of Com- merce “Citizen of the Year” and “Business of the Year” recognition program for 2005 activities. Forms are available at the chamber office in the I.V. Visitor Center. The top candidate in each category, as well as all nominees, will be honored Feb. 25 at Wild River Brew- ing & Pizza Co. in Cave Junction during the cham- ber’s annual general meet- ing. It will begin at 1 p.m. Josephine County’s three commissioners plan to attend. CAVE BEAR PAWN Does Check Cashing Limited I.D. - No Problem Cheapest Rates in Town No Amount Too Large Come Down & Let’s Talk Mon.-Sat. 10-6 Sun. 12-4 220 N. Redwood Hwy. Cave Junction Plaza 592-2987 Need a car? An auction of county vehicles in Grants Pass on Saturday, Feb. 11 at 10 a.m. is being facilitated by the Josephine County Sheriff’s Office Evidence Dept. The auction will be held at Great Western Auc- tioneers, 2660 N.W. Vine St. Vehicles include: Ply- mouth Neons, Chevrolet Monte Carlos and Cavaliers, a Nash trailer, Dodge Ram, Pontiac Grand Am; Ford Mustang, and 11 Ford Crown Victoria models (all former patrol units). A pre- view will be held from 8 a.m. to 5 p.m. Feb. 9 and 10. For more information, phone 479-5750 or visit 777 auction.com. Support the merchants who advertise in the ‘Noose’ THE FORESTRY ACTION COMMITTEE (FAC) held an open house Saturday, Jan. 28 in the Butler Bldg. at the U.S. Forest Service complex in Cave Junction. (From top down) Kristine Miller, FAC forestry technician, works with Sarah Cragh, 4, on color- ing a cut-out of a salmon; Christina Jobe and her daughter, Daniella, 4 1/2 months, view video provided by Kerby resident Bob Cornett, showing the salmon run at Little Falls on the Illinois River near Eight Dollar Mountain; and Suzanne Vautier, FAC tree-planting coordinator, examines art work related to the riparian tree planting conducted by FAC with volunteers. The project, begun in 1993, is responsible for planting nearly 268,000 seedlings on Illinois Valley properties. Paper for open house art projects was provided by Taylor’s Sausage. Bebe’s Art for Everyone provided art supplies. (Photos by ‘Illinois Valley News’) Celebrate With Us! Hear the Latest News About Your New Siskiyou Community Health Center Medical Clinic Meet Dr. Margaret Gold and Your Siskiyou Provider Team February 9th 5:30PM —7:30 PM Wild River Pizza “The Pizza Deli” 249 N. Redwood Highway Cave Junction For more information, call Carol Meyers, Siskiyou Community Health Center 541-476-2700 The first railroad tunnel in the United States was built in 1831. It was slightly more than 900 feet long and helped connect Hollidaysburg with Johnstown, both in Pennsylvania. Love is in the Air…It’s Valentine’s Day at Rose of Sharon Florals & Wedding Planning Celebrate the Day for Lovers & Remember Your Sweetheart with these Special Offers~ Rose Bouquet specials from $25 Balloon Bouquet specials from $4 99 Send flowers through our wire service Orders of $50 or more placed by Wed., February 1 receive a 10% discount Order a “Love Song Singing Floral-gram” & a dozen roses for $50 (present this ad to receive a $10 discount) Now is the time to place your Valentine orders. Phone 592-5055 or Toll free 1-877-777-5585 Remember …FREE local delivery! THE NEW ROTH 401 (K): COMBINING THE BEST OF BOTH WORLDS New tax rules now allow you to combine the power of the traditional 401(k) with the flexibility of the Roth IRA. Starting this year, employers can let 401(k) participants designate their elective deferrals as Roth contributions. Should you consider this important option? First, a little history: When 401(k)s and IRA5 were created years ago, Ameri- cans were provided with a new way to set aside money for retirement and re- duce their current tax bill to boot. But there was a catch. Withdrawals at retire- ment were 100% taxable. In 1998, a new IRA was created, the Roth IRA, which worked just the opposite — contributions were not tax-deductible, but with- drawals were 100% tax-free. Unfortunately, 401(k) plans did not have this Roth- like flexibility, until now. However, there are some important differences between the old Roth IRA and the new Roth 401(k). On the plus side, Roth 401(k)s have a higher contribution cap: $15,000 vs. $4,000 for the traditional Roth IRA ($5,000 for taxpayers 50 or older). Also, there is no income limitation for Roth 401(k) contributions, unlike a traditional Roth that excludes participation when adjusted gross income ex- ceeds $110,000 for singles and $160,000 for couples. On the down side, Roth 401(k)s require annual distributions after you reach age 70½. Roth IRAs have no such condition. What’s more, employer matches of contributions can only be made to regular 401(k) accounts, which means you might have two investment accounts to keep track of. Young professionals who expect to be in a higher tax bracket when they retire might choose to sacrifice a current tax deduction in favor of tax— free with- drawals later. High tax bracket individuals, who have been shut out of Roth IRAs because of the income limitation, might also want to join in. The Roth 401(k) provides yet another option to consider in your financial plan. Feeling overwhelmed with all the choices? Contact us, and we’ll help you find the retirement plan that suits you best. Karen M. Bodeving, CPA PC We’ve Moved to 564 N.E. E St. Grants Pass OR 97526 Phone: 479-3625 Grants Pass Office hours: 9 to 3 Mon. - Fri. Other hours by appointment
