WEDNESDAY, JUNE 17, 2015
A4 HERMISTONHERALD.COM
BUSINESS
Fontaines back in business
Send submissions or story ideas for the Herald Business page to Editor Jessica Keller, jkeller@hermistonherald.com
Money management
for the ‘boomerang’
D
ue to recent
economic realities,
multi-generational
living has been on the rise
for many families.
A 2014 Pew Research
Center analysis (http://
www.pewsocialtrends.
org/2014/07/17/in-
post-recession-era-
young-adults-drive-
continuing-rise-in-multi-
generational-living/)
showed that a record
57 million Americans,
equal to a little more
than 18 percent of the
U.S. population, lived in
multi-generational family
households in 2012 —
double the number in
1980. The major driver
was young adults aged
25-34. According to Pew,
nearly 24 percent of these
older millennials lived
in multi-generational
households, increased
from nearly 19 percent
in 2007 and 11 percent in
1980.
It’s possible the
“boomerang” family
trend will remain in
place for some time to
come. For homeowner
parents who may also be
juggling the “sandwich”
responsibilities of caring
for older relatives, paying
DWWHQWLRQWRWKH¿QDQFLDO
and behavioral details
of taking in family is
critical. Here are some
suggestions to consider:
<RXU¿QDQFHVFRPH
¿UVW2SHUDWLQJDIXOO
house means higher
utility and food costs and
additional wear and tear
on the property. Taking
in family also shouldn’t
derail a parent’s career
goals or retirement
planning, nor should it
diminish other necessary
¿QDQFLDOREMHFWLYHVOLNH
maximizing savings or
eliminating debt. That’s
why dual- or single-
parent households might
begin with a complete
¿QDQFLDODVVHVVPHQW
before welcoming kids
or elders back home.
A discussion with
TXDOL¿HG¿QDQFLDODQG
tax advisors might be
worthwhile to determine
how much expense
you can take on. For
arrangements that go
beyond free lodging to
direct cash support of
family members, gift
tax issues should be
explored.
• Make a real
agreement. A home is
stability and therefore
VRPHWKLQJRIVLJQL¿FDQW
value. That is why it is
appropriate to consider
rent or request in-kind
services in exchange for
room and board. Young
adults — particularly
those who were fully
under parental support in
college — need to learn
this important lesson
even if they are moving
home to save money to
pay off loans, to buy
a car or put a down
payment on a home. Ask
trusted advisers about
what makes sense in
your situation. If you
decide to accept rent,
-$621$/'(50$1
MONEY MATTERS
Visa columnist
know there are potential
tax issues (http://www.
irs.gov/taxtopics/tc415.
html) based on the
structure, timeframe
and expenses related
to such an agreement.
Legal paperwork may be
required, but there also
may be rental expenses
you can deduct.
• Establish timelines.
In the real world,
¿QDQFLDODUUDQJHPHQWV
are rarely open-
ended. Depending
RQWKH¿QDQFLDOWD[
and legal advice you
receive as well as
local tenant law and
personal preferences,
you may be signing
DQRI¿FLDOOHDVHIRU
your family member’s
VWD\ZLWKDVSHFL¿F
timeline of months or
years. Whatever the
requirements, make sure
you have an effective
framework that sets
VSHFL¿F¿QDQFLDODQG
behavioral rules you
want met.
• Start with a family
meeting. Before
moving trucks arrive,
family members should
meet for a discussion
about the impending
move. Start by letting
your child or family
member talk through
why they want to move
in, whether they have
¿QDQFLDOJRDOVWLHGWR
the living arrangement
and how long they
plan to stay. Share the
structure you envision,
including the payment
details you would
consider. No matter how
an agreement is struck,
it should begin with a
full discussion of needs,
SUHIHUHQFHV¿QDQFLDO
terms, and most of
all, ways to make the
arrangement successful
DQGVPRRWK2QFHWKH
move happens, regular
conversations should
continue about the living
arrangement. After all,
boomerang families
have unique, ongoing
¿QDQFLDOLVVXHVWKDWZLOO
require discussion.
• Prepare to track
H[SHQVHV2QFHDJUHHG
UHWUR¿W\RXUKRXVHKROG
budget to keep track of
higher food, utility and
related expenses for cost-
sharing and potential tax
purposes. Having people
you love living with you
will hopefully have many
rewards that go beyond
simple dollars, but always
know what the arrangement
is costing you.
%RWWRPOLQH2SHQLQJ
your home to returning
family members is a real
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Think through money,
tax and household issues
before you say yes.
— Jason Alderman
GLUHFWV9LVD¶V¿QDQFLDO
education programs. To
Follow Jason Alderman
on Twitter: www.twitter.
com/PracticalMoney
HermistonHerald
VOLUME 109 ɿ NUMBER 37
JESSICA KELLER
EDITOR
jkeller@
hermistonherald.com
541-564-4533
After 9-year hiatus,
local couple takes
over Stockmans
Restaurant
Stockmans
Restaurant
Chuck and Karen Fontaine,
who previously operated
Fontaine’s Restaurant at two
diff erent locations in Herm-
iston, took over Stockmans
Restaurant in December. This
restaurant off ers breakfast,
lunch at dinner.
Hours: 6 a.m. to 10 p.m.
Sunday and Monday, 6 a.m.
to 11 p.m. Tuesdays through
Saturdays
Address: 1530 N. First St.,
Hermiston
Phone: 541-564-0485
BY SEAN HART
HERMISTON HERALD
Chuck and Karen Fon-
taine took over Stockmans
Restaurant in Hermiston late
last year, but they aren’t new
to the Hermiston restaurant
scene. The couple has years
of local experience in the in-
dustry.
The Fontaines bought
WKHLU ¿UVW +HUPLVWRQ UHVWDX
rant, the Steel Wheel, in 1976
and changed the name to Fon-
taine’s Restaurant 10 years
later. After selling the build-
ing to American West Proper-
ties in 1996, Karen Fontaine
said the couple purchased
the old Caravan building and
operated Fontaine’s there for
10 years. In 2006, they sold
WKDWEXLOGLQJWR<H2OGH3L]]D
Shoppe and tried to retire.
“The last nine years,
we’ve just been running
around doing nothing, being
lazy,” she said. “My husband
was cooking at the Midway
Tavern, and I was taking
care of seniors and just be-
ing lazy. We decided that we
were lonesome for all of our
customers and decided that
we wanted to come back, so
here we are — crazier than
we were before.”
Karen Fontaine said she
has been excited to see many
former customers at Stock-
mans. She said both she and
her husband went to school
here and have many old
friends in the area.
“Both of us came from
here, and my husband’s
mother had a restaurant here
back in the ’50s, ’60s and
’70s,” she said. “We just like
it. We like the restaurant busi-
SEAN HART PHOTO
Karen and Chuck Fontaine, took over Stockmans Restaurant
in Hermiston in December. The couple previously operated
Fontaine’s Restaurant in Hermiston at two different locations
for 30 years.
ness. We like the people.”
She said they decided not
to change the name to Fon-
taine’s — at least not yet —
because they only signed a
three-year contract. After that,
she said she would be 75 and
her husband would be 80.
“We think that’s probably
long enough,” she said. “We
think, by the time we’re that
old, we probably should be
getting the heck out of here.”
Karen Fontaine said, al-
though it features the same
quality service and skill in the
kitchen, Stockmans is differ-
ent than their previous restau-
rants. While their former fo-
cus was on higher-end meals,
such as steak and lobster, she
said Stockmans offers a vari-
ety of favorites, such as meat
loaf and hot roast beef sand-
wiches, at reasonable prices.
“We have lamb and steaks,
so they’re a little upgraded,
but then you still have the
chicken fried steaks and the
old-fashioned meals,” she
said, adding that her husband
makes homemade soups dai-
ly. “We have fresh mashed
potatoes and gravy, and we
have seafood and Italian food.
We serve everything that peo-
SEAN HART PHOTO
Terri Nobles works in the lounge at Stockmans Restaurant
Monday in Hermiston. Chuck and Karen Fontaine, who operat-
ed Fontaine’s Restaurant in Hermiston for 30 years, took over
the restaurant in December.
ple like to eat.”
Another big change is that
Stockmans offers breakfast,
lunch and dinner. The busi-
ness opens at 6 a.m. every
day and stays open until 10
p.m. Sundays and Mondays
and until 11 p.m. Tuesdays
through Saturdays. Karen
Fontaine said they are trying
to get lottery machines for
the lounge area, which would
probably then remain open
longer.
With longer hours, she
said Stockmans has 20 em-
BMCC hosts apprenticeship
council summit Thursday
Blue
Mountain
Community
College
ZLOO KRVW WKH 2UHJRQ
State Apprenticeship
and Training Council
at 10 a.m. Thursday in
Pendleton.
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egon’s commissioner
of the Bureau of Labor
and Industries, serves
as the council’s chair-
person. The council’s
eight
governor-ap-
pointed members have
the authority to oversee
apprenticeship commit-
tees, programs and pol-
icies around the state.
According to a press
release from BMCC,
an apprenticeship can
be the first step to find-
ing well-paying work
in their chosen indus-
try. Apprentices usu-
ally start off with half
the salary of so-called
journey workers. Jour-
ney workers have a
higher chance of se-
curing a position in the
industry, becoming a
supervisor or even go-
ing into business for
themselves.
ployees, compared to seven
at their last restaurant. To
provide the Fontaine level
of service, she said all of the
employees work hard to take
care of the customers.
“We care what the people
want and try to do as much as
we can to make the custom-
ers comfortable, and our help
does too,” she said. “People
should come here because the
service is excellent, the food
is really good and the prices
are reasonable. What else can
I say?”
Chamber hosts B2B
luncheon June 23
Apprenticeship com-
mittees facilitate ap-
prenticeship programs,
which are designed to
give workers super-
vised on-the-job expe-
rience and classroom
instruction in a particu-
lar field.
The
meeting
in
Room 200 of the Sci-
ence and Technology
Building is open to the
public.
For more informa-
tion, and to view an
agenda, visit www.ore-
gon.gov/boli/ATD.
The Hermiston Chamber of
Commerce with host its month-
ly Business-to-Business lun-
cheon at 11:45 a.m. Tuesday,
June 23, at the Hermiston Con-
ference Center, 415 S Highway
395.
The guest speaker for this
month’s meeting is Melisa
Drugge, business development
RI¿FHUIRUWKHHDVWHUQUHJLRQRI
%XVLQHVV2UHJRQWKHVWDWHHFR
nomic development agency.
The monthly meetings are
held the fourth Tuesday of the
month. Cost is $10 for chamber
members, $13 for non-mem-
bers. To RSVP, call 541-567-
6151.
Northwest Farm Credit Services awards Echo PTA grant
Northwest Farm Credit Services
recently awarded the Echo School
District Parent-Teacher Association
a $1,000 Northwest FCS/CoBank
Rural Community Grant Award. The
grant will be used to replace the ex-
isting pea gravel on the playground
with rubber matting and rubber
mulch.
“The Northwest Farm Credit Grant
To contact the Hermiston Herald for news, advertising
or subscription information:
• call 541-567-6457
• e-mail info@hermistonherald.com
• VWRSE\RXURI¿FHVDW(0DLQ6W
• visit us online at: www.hermistonherald.com
SEAN HART
REPORTER
smhart@
hermistonherald.com
541-564-4534
6$0%$5%((
SPORTS REPORTER
sbarbee@
hermistonherald.com
541-564-4542
that Echo Elementary School received
this spring has put our school one step
closer in the goal of ensuring the safe-
ty of our students and their enjoyment
of our playground,” Echo PTA’s Lind-
say Murdock said in a press release.
According to the release, North-
west FCS is committed to helping
rural communities succeed. This
year Northwest FCS, with support
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JEANNE JEWETT
MULTI-MEDIA CONSULTANT
jjewett@
hermistonherald.com
541-564-4531
from CoBank, has awarded 46 ru-
ral grants totaling nearly $100,150.
Since 2007, Northwest FCS has
presented 399 rural grants totaling
more than $810,900. The next rural
JUDQW GHDGOLQH LV 2FW 1RUWKZHVW
FCS customers who think their ru-
ral projects may be eligible can visit
northwestfcs.com for more informa-
tion.
The Hermiston Herald (USPS 242220, ISSN 8750-4782) is published twice
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