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Mandatory IRA Withdrawals
If you are 70 AŻ or older, you must withdraw an IRS-specified amount, called a Required Minimum Distribution, out of all qualified retirement accounts by December 31. Qualified retirements accounts include Traditional IRA, SEP, SIMPLE, 401(k), 403(b) and other tax qualified plans.
Lola Piraino, owner of Studio Luxe and licensed cosmetologist for over 20 years, recently celebrated the anniversary of her private studio salon location. Lola is a certified specialist in Hairlocs hair extensions and in the 3-D Lashes Eyelash extensions. She also specializes in multicolor highlights and creative color techniques.
Most of us are worried about our financial futures. In part, it's because we didn't major in economics. But it goes beyond understanding spread sheets. In truth, there are real lifestyle and personality issues that play a role in how much - or how little - we have in our bank account. Here's what local experts have to say about the traits of the financially independent.
Booth sales are well under way for the 24th-annual Home & Business Expo, hosted by the SCV Chamber of Commerce. Expo is set to begin Friday, October 10 and continue through to Sunday, October 12. Expo is held at College of the Canyons, at the corner of Rockwell Canyon and Valencia Boulevard.
All Corked Up Named Official Beer and Wine Purveyor for Santa Clarita Performing Arts Center
The Center now offers guests an opportunity to "wine and dine" an hour before many show times; www.canyonspac.com
Local business and finance experts share their take on why, when it comes to a down-turned economy, there's a silver lining
Street Shock is celebrating their three-year anniversary in Valencia. Shaughn Reid, (pictured left) is the owner of the premier car and truck modification and accessory company, which has been in business for over 17 years in Redondo Beach, the first location. Street Shock offers sales and installation of suspension lifts, air bags, lowering, performance suspension, custom wheels and tires for hot rods, muscle cars, monster trucks, and everything in between. They currently have specials on gas-saving Hypertech programmers; 702-0585 www.streetshock.com
There is no one "story" of Carousel Ranch. Like a quilt with many pieces, this horse-based therapy organization is a sum of its inspirational parts.
Threads Boutique recently opened in the new Bridgeport Marketplace at the corner of Newhall Ranch Road and McBean Parkway. Threads specializes in affordable casual and dressy clothing as well as accessories for women and tweens. Owners Christina Baxley and Jennifer Castro are pictured above; 254-5544
The world of finance - whether you're running a small business or trying to manage the business of running your home - can be a minefield. The good news is that help is available - you just need the right partner. Here are a few to consider.
Monday, July 14
Child & Family Center Hosts Annual Golf Tournament

Help raise money for the local nonprofit, which assists families throughout Santa Clarita. The tournament will be held at Tournament Players Club, Valencia; 255-6847, ext 3018
www.childfamilycenter.org
Save on Insurance
Having higher deductibles for auto, home and health insurance can save money now; ask your agent for more details. You can save in the range of $1,000 to $8,000 a year by raising your deductible. In the event of accident or illness, a supplemental policy will help fill in those gaps and save money. These benefits quickly fill the gaps and only cost $360 a year.
Madalian's "Makeover"
Includes New Name

Madalian, a specialty retail mainstay in Santa Clarita for the past five years, is celebrating their five-year anniversary with a makeover. Owners Katie LaKamp and Ede Eichmann, will close the store on June 22 and open on Tuesday, June 24, with a new look and a new name: Ma Maison.
The shaky economy has most of us unfolding our wallets with more anxiety than "teenager number four" opening a closet in the latest Halloween installment. And with gas prices rising, a flashing low-fuel light generates more panicky hyperventilation than hearing your doctor slapping on a size-XL rubber glove.
The management and staff of Keyes Lexus of Valencia is pleased to announce that the dealership has once again been recognized as an "Elite of Lexus" dealership. This esteemed honor is bestowed upon a small group of Lexus dealerships that excel at sales, service and overall ownership support. Even fewer Lexus dealerships can make the claim six years of the past seven years - but Keyes Lexus of Valencia can.
In today's economy, having a dedicated financial partner can literally translate into success or failure for many business owners. The importance of having a banker who understands your business and industry is crucial.
Kelly Bloomfield Launches Company and Website
Former Inside SCV Magazine Creative Director Kelly Bloomfield, an SCV resident, has established her own design company, Bloomfield Designs. Bloomfield has over eight years experience in the industry and specializes in client-centered service and creative solutions;
www.bloomfield-designs.com
Yesterday the exterior of my house was white. It had been this way since the time it was built in 1986. Being that I love color it seems rather surprising to me now that I didn't change it sooner, but life and death have a way of postponing things.
One of the best hikes in town is at the Placerita Nature Center. At the Center, visitors can stroll around the 350-plus acres and experience the natural wonder of Santa Clarita. Trails are open to people of all ages and they are accessible for both strollers and wheelchairs. You can also bring your dogs as long as they stay on leash. There is a natural history museum on-site, live animal exhibits and moonlight hikes. The Center also hosts an Astronomy Club, Junior Rangers and summer camp for the kids. Historically, the Center is also the place to find the Oak of the Golden Dream. This is the spot where gold was first discovered in California.
La Via Bella Celebrates Five Years
in Business

La Via Bella has been the exclusive Santa Clarita resource for "Jewelry for the Home," items that are both unique and timeless in their appeal. Billie Hubbard, owner of La Via Bella, is hosting a sale in honor of the event February 21st - 28th. For more information call 222-7006.
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