14—$OUT$ LYON HIRALD.—M$LFOIO T1M~S—NORTHVILLEMECORD—NOVI NEWS—WICn.Id*yIThUr$dIy, April alt e, lies
1_ Business Briefs J
weanestmy)Thur8day, April 27128, 1966—SOUTH LYON HERALDMILFORO TIMESNORTHVILLE RECORDNOVI NEWS—3-B
SUSAN JOHNSON of Novi has been named Director of Quality
Auurance/Utlllzation at North Detroit General Hospital in Detroit
Prior to Joining the staff of North DetroitGeneral, she was executive
director of the MichiganPsychiatric Society.
Johnson has a Bachelor of Science degree in Allied Health
Management from Madonna College. She currently is enrolled in the
Master’s degree program in Health Services Administration at Central MichiganUniversity.
She andher husband, Terry, make their home in Novi.
~~
LULlS RUBIN will mark the opening of Its newest uIon with
Georgette Rubin’s personal appearance at Twelve Oaks Mall on Fi’tclay, April 22.
The Twelve Oaks salon represents Lillie Rubin’s Initial entry In•
to the Michigan retail fashion market.
Rubin, fashion spokeswoman and creative cata]yst for the firm,
emphaaized that “quality fashion apparel for women combined with
t$ personal concern of a knowledgeable sales staff must be the
reality in eachof our salons.”
The TwelveOaks Mall salon features a lavish treatment of marble mirrors, stalness steel and contemporary Illumination to create
a spacious setting for the eclecticfurnishings.
Stanley Kosaoff, president, Is responsible for the successful expanslon of L.illie Rubin, which remains unprecedented In the better
ready-to-wear industry~The Twelve Oaks Mail salon Is the 62nd for
thenationally-known firm.
Salon hours for Lilhie Rubin/Twelve Oaks Mall are Monday
through Saturday from 10 am. to 9 p.m. and Sunday from noon to 5
pin.
.
Madonna
.
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———~—— —
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Remember the good, old days
when you could trim your tax bill
ANDREW J. McCOMAS
dividual Retirement Account, affectionately known as IRA?
Well, Congress decided to do a little
trimming itself and, in the process.
RACHEL RION, an associate broker at RE/MAX 100 in Novi,
has been named a member of the RE/MAX 100 Percent Club, an’
honor RE/MAX awards to its high volume sales affiliates.
.‘:
Rion, an 11-year real estate veteran, Joined RE/MAX seven
years ago. She has received the 100 Percent Club award twice,
previously.
RE/MAX is an international company with more than 1,300 in-P
dependently owned and operated offices. In 1987, RE/MAX was involved in 287,000 real estate transactions totaling more than $30
billion in sales,
snipped off IRAs wings. The new
—————
College.
Carefree Retirement Living
building retirement
but tax you were eligible for coverage at
reform and a roller coaster economy your previou~job for any portion of
make watching over earthbound I 987
IRAs a I ittle more CWTI~I LC~ILed than
Participants in ret4rement plans do
in the past.
not necessarily lose the IRA deducAccording to the Michigan Associa- tion. Married couples with an AGI of
tion of CPAs, tax reform has return~ $40,000 or less and singles with an
eO the IRA to its original purpose~ AGI of $25,000 or less are still entitled
providing a retirement fund for to the full deduction.
lewer-to middle-income Americans.
Once your earnings exceed those
iimits, however, your deduction whitIRA DEDUCTION RULES: If you and ties away For every $1,0® income
jour spouse did not actively par- over the ceilings of $4%®0 and
t~cipateIn a retirement plan at work $25,000, you lose $200 in deductions.
f~rany part of the taxable year, an The deduction is completely
IRA will still work its old deduction eliminated for married couples with
i$agic. You can contribute and an AGI greater than $50,000 and for
deduct up to $2,000 or 1~percent of singies with an AGI greater than
y~urearnings, whichever is less. If
)~OUhave a working spouse earning at
least $2,000, you can deduct an addiWITHDRAWALS: If you suspect the
tional $2,000; a non-working spouse change in the rules for depositing
tl,ps the allowable deduction by $250.
money Into an-IRA affects the rules
taking it out, you’reexactly right,
If ~ or your spouse are covered forPreviously,
from IRA
It, a retirement Ølan, the deductlbili- accounts werewithdrawals
taxed
as
ordinary
inty of your IRA contribution Is based come. Clean and simple. If you don’t
on jour adjusted gross income make a non-deductible contribution,
{~GI
) How do you know if you are an
rules remain the same. But the
active participant in a qualified the
game
changes as soon as you
r$tlrement plan? The simplest make apian
non-deductible IRA contriburesponse is check the Information tion
because these funds have
box on your W-2 form or ask your
already
been
taxed.
employer.
Don’t make assumptions. If your
From now on, distributions from
employer’s pension plansays you are IRA accounts will not be taxable only
tiigiuie air vuvvrugv, uwu )‘UU div
(0 me extentof ~
tonconsidered an active participant. In tributions. To Insure that you will not
fact, even If you changed jobs and be taxed on withdrawals of funds that
ydur current employer doesn’t offer have already been taxed, you have to
:
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_- ~
~
k
.
•~
~
KENTUCKY FRIED CHICKEN franchisees James Gray (left)”
and Dave O’Brien (right) of Dearborn Heights receive congratula-’
tions from Bill Evans, senior vice president of Kentucky Fried
—
Chick.nCorp., forwlnnlngtb.FiveStarAward
The award is given to franchisees who metKFC’s standards far
restaurant management, opârations and customer satisfaction. ~
Gray and O’Brien operate two KVC restaurants in Novi and Walled,
Lake.
The Five StarAward was presented during the annual Kentucky
Fried Chicken franchiSe convention in Louisville, Kentucky. Wit~
more than 7,500 restaurants in 57 countries, Kentucky Fried CMcke*~
serves over one billion meals a year
XIAO-PING (JACKIE) YIJ has been named Accounts Payablfrj
Assistant for the R.A. DeMattia Company, a leading land devel
ment and design/build construction firm headquartered
Plymouth.
Yu, who holds a Bachelor of Science degree in Business from~
Eastern Michigan University, Is responsible for assisting In ac~
counts payable for theR.A. DeMattla Company and its affiliates.
________________________________________~-- -
9901 E. Grand River
Brighton, MI
Just West ot
Old 23
.
.
S
YOUR BEST
CARPET VALUE
JUST GOT BETTER
Call
229-9190
.
.
Owned and Opiratsd by
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Medical services available
24 Hour emergency system
I Lots of activities
I Formal dining
S
S
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0~
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I
SPRINT
V V V
Cash Price
With Air Conditioning
H
.:.-I’
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OPENSAT. 1O-4P.M.
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I
d’tllt.’’yy,ø
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A
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CHAMPION
1” .S~~vuuo&
SMVO-Thl.d.Ilcatsly
sculpturid, roiled
tonI Is available In a
Now Only
this offer expires
KENSINGTON.
Economically
priced,
this sPin, nInt
cut Is
sun
for lawer
wSs
~ i ~io ss.mslnyourhom..
Excavation
Labor To install
Electric Wiring
Monday thru Friday
10a.m. toBp.m.
Saturday, 9 ant. to 2 p.m.
~1
EXItI4SOff I-OS
traditional sazony that
enhances the beauty
ofyourhoi’ia.
SI
In_SiLls
Now Only
1 70
.
,
I
twlst.d, this style can
bring sisQiMs toany
d.eor. Anliibl. In a
uld. rfl%g~olooiors.
Is~.’14.fl
.
$4~
comfort in your horn.
a moderat. prlcs. ~
R~.’14.IS
it
~
Wow Only
70
mower. 5-speed transax1~or hydrostatic drive. All
have John Deere premium features.
Fit it with a thatcher to lilt harmful thatch from
your grass. And add the 6’/a-bushel rear bagger to
‘I.
3 70
Now Only
$~
pilstt. of colt romanlie hues to d.coriti
~ Ilnist intcrlors.
,
ifl.’JS.•I
Miliord
clean everything up.
But don’t stop there. Yourjohn Deere tractor can
Now Only
~38.70
do a lot more. Team it wfth a front blade, snow
thrower, law-n sweeper or durnpcart, too.
.
.1l,~.
——
or
DuPoni
certifcotion rnork
~ have a size for
every backyard
and every budget!
.‘Abóveground Pools.
Spas & Saunas
McNabb’s Milliken Place
~—
l557WestGrand River
flPIRH
r(;~
i-i6
Okemos, Ml, 48864
28342 Pont:ac Trail
MgN’ A~
-PC 1k
~
Your jaM fleero
South Lyon. M~
La~criid
(Ti 3)437-2091
flejdqu’llUrs
(31 3)229-8548
S
Gdrdel
sineranie arnerences in ustwg~;
sales and price among the varied
communities we cover.”
TICKETS WEEKLY!
Sign up Weekly for a drawing for 2 FREE tickets
r a Sunday or an evening Tiger Home Game.
29330Wixom Road-Wixom
(Across From Ford-Lincoln Plant)
~;_,
.‘C..,.
349-1961
~
Also Available
PIETILA Dros. POOLS
FARMINGTON HILLS
30735 Grand River
(517) 548-3782
at
Ct~jts
Center
~Ou1QCtiiiê(
.~
Shewva.se
Hours!Both Stores Mon5-Fr15.1O-5; Sat. 1O•4
the
Northville Recreation
(313) 478-4978
1’/2
Biks West of Cenier Si
(Sheldon Rd I
,fj o. Mala Street, Noflhville
-
Spring Arts & Crafts
Show
Saturday, April 30th, 10 AM 4 PM
-
FREE...
Mo~I
Ddvac
Cap and
Road
Shirt
Over
65 Quality
Artisans
Admission 510°LunchAvailable
No Strollers Please
(313)2274860
Price Point’s
Best Buys
¼ct.
Round Sale $10
a ~
*
compare at ‘450
Also A vallable
FREE Mobil Delvac Cap
with a minimum purchase of 65 gallons of any combination
of Mobil Delvac 1, Delvac 1300 oilS, Delvac Super oils. and/or
Mobilfluid 423
FREE Mobil Delvac Shirt of any
with a minimum purchase of 330 gallons
combination of Mobil Delvac 1. Delvac 1300 oils. Delvac
Super oils. and/or Mobilfluid 423
0?’,,
(ip,,,, 4 3088
M©bil
ELY FUEL, INC.
Thesier’s
-
FREE
a;
SI, itt up to DeIv’ac at
Nothing Runs Like a Deere®
5
•SEL.F-SERVESTATION . ‘WHOLESALE
B
GAS & OIL CO~INC.
~
Make complete lawn care a once-over-thoroughly
op&~tIOflwith this manicuring kit from John Deere: a
John Deere lawn tractor and optional front-mount
thatcher and rear bagger.
Size one of the eight John Deere 100 Series Lawn
Tractors to your lawn. From the 9-hp 130 with 30-in.
cut to the 17-hp 180 and 185, each with 38— or 46-in.
Oakland counties, we sold about IQ
percent of the state total. Our dedllnt
from 1986 was 10.6 percent. At thá
same time we experienced a 12.8 pGE
cent drop in single-family hOMD
listings as their average price rok
8.4 percent to 79,225.
“But, there was no common trend
throughout ~!! area. We saw coa~
Drawingswill be held each Monday AM. for games
the following week. Deadline each Sat. 4 P.M. 18
years or older to enter. Do not have to be present to win.
.
May14, 1955
.
-
HOWELL
‘—‘“
‘
-
2549 E. Grand River
•Z_._~±ii’~
.“
Sales of existing homes
show 9 percent deéline
POOL SUPPLIES & CHEMICALS
1~
iveraged U&934 ; above 83 percent in
Livonla at $88,903 and 80 percent in
Redford at $9,276.
“The median price year-to-date
figure last month was $68,~0.“The
average price of $81,561 set a new
record for our 1,600 square mile tnritory
Pickett attributed part of the price
jump in February to lower Interest
rates helping many buyers qualify
for larger loans. “While we do expect
local prices to continue to rise, the 6.3
percent Jump from January doesn’,t
reflect the real trend,~ she said.
“The year-to-date average of $79,505
is only $1,354 or 1.7 percent above this
time in 1987.’~
Pickett said the continuing price
growth should encourage more prospective buyers to begin their searck
as spring weather moves in. Sellers
hoping to ‘take advantage of hlghet
buyer volume should now be putting
their homes in top sales condition,
sheadded.
A shortage of single family home
listings may prove the bIggest deterrent to growth in this year’s local real
estate market.
Metro MLS, the state’s largest
multiple listing service, said the 12
percent decline In homes coming on
the market in lie? has been followed
by another five percent drop so far
this year.
“Our sales-to-listing ratio was
nearly 57 percent in February, but an
8.4 percent cut in listings from a year
ago helped reduce sales more than 12
percent,” said Marjory it. Plckett,
Metro MLS president.
“With mortgage interest rates
down and other market conditions
favorable going into the month, we
expected to see more sellers entering
the market. While about one-in-four
sales this year are for homes priced
at $100,000 or above, the most active
markets in February were those well
below this.”
The February sales ratio was 86
percent in Westland where prices
Whatever investment option you
choose, keep an eye on how your IRA
is performing. If you are unhappy
with your IRA’s return, don’t sit by
and watch potential income waste
away. If you have thousands of
dollars in a mutual fund that’s
floundering, switch to an Investment
with a more consistent record of succe~s.
Remember that you can make as
many
direct transfers between IRA
PUTTING Ma TO WORK: Most Intrustees
or accounts as you deem
vestment expflts still recommend
post-reform IRAs as a vehicle for necessary. If, however, you actually
retirement savings. Despite your in- withdraw your IRA funds and close
stincts that say “It ain’t so,” the tax your aefount, the transfer Is condeduction is not the only reason why alderS a rollover (you are allowed
a year) and must be re-deposited
IRAs have long put a gleam in tax- one
in
a
qualified IRA account within 60
payes’ eyes. IRA5 still enable you to
If you mIss the 60-day deadline,
accumulate dividends, interest, and days.
the
amount
withdrawn will be taxed
capital gains which are tax-deferred and, if you are
under 5944 will also be
and, thus, compound faster.
subject to a 10 percent earlyMore than half of all taxpayers In- withdrawal penalty.
While ranking eighth in thenafton
vest their IRAs in a bank certificate
last year, Michigan sales of 169,600
In
spite
of
the
withdrawal
penalties
of deposit (CD), perhaps because of and the tax-deduction restrictions, existing homes showed a drop of 9.1
convenience and security. But CDs IRAS remain one of the most widely percent from 1988.
otter pay lower Interest rates and recommended tools for building a
“The market varied considerably
maynot keep pace with inflation over retirement nest egg.
throughout the state as it did in the
the long haul. Other investments op- The Michigan Association of CPAI Detroit Metropolitan area,” said
tions Include money market ac- suggests that you compare the tax Marjory R. Pickett, president of
counts, mutual funds, stocks, an- adv~nt~~g~
~ WM w1t~those of Metro MLS, the state’s largest multiiiiiltles and bonds.
other tax-deferred or tax-free in- pie listing service.
“Within our 1,600 square mile terIn the ominous light of “Black strunients before making a final inritory
primarily In Wayne and
Monday,” the day the stock market vestmentdecision.
Dethatch, mow and bag
with John Deere
ADRIATICA ULTRA.A
STONEflOOK’HIghly
_,.
I
John Austin.. Supervises
All Construction
groomed
awn
the
31 3/fl9-8800
—nasa,. L-s--kt.Et-
~_.$8,
t~O.
The Quality Goes In Before ‘1
Now Qniy
ln.’ls.n
KEEPSAKE-This colt
iølld celor plush brIngs
31250S MiUordld.
North of I-as Exit l55jMIIford Rd.)
R.gular Stor• Riurs: Mon-Sat 1O-~ios,dSunday
IN BRIGHTON
Safety Rope and Floats
Plumbing
Ma,nlenance Equipment
Chemicals For Pool
stain protection in the right color and
style at the right price. But hurry
Dontid E. McNabb Company
437-8146 or
357-2626
‘ ‘
Skimmer
2 Inlets
Pool Base Hard Floor
(NolSand)
~
BRING IN THIS AD AND SAVE
ON DU PONT STAINMASTER’
CARPEt You’ll get revolutionary
vALENcIA-A
OVER300 NEW VEHlCLES~
INSTOCK’
~
~ ~ ~ ~ SS
wld.srrayofcolcrs
l~.’12.55
15 Others Available atSimi/ar Savings
-
Most of the other rules governing
IRA withdrawals remain intact.
Unless you are permanently disabled
or die, any withdrawal of IRA money
before age 5944 will suffer a 10 percent penalty tax In addition to any
regular tax due. On the other hand,
you must begin withdrawing funds
froni all IRA accounts no later than
April 1 of the year following the year
in which you turn 70½.
-
S
..M~ ~
Per Montht
—
Everything for
II. ~
~
—
CALL US AT EITHER
LOCATION FOR
A FREE HOME
ESTIMATE
Wrinkle F,ee ‘ iner ,nsIaIlation quaranteed
0 PEN
.4
.1
$~QQ5OO~
Stainless Sleet Ladder
Deck Support Bracing
Concrete Patio
Stainless Steel Filter
With quality workmanship.
ICaUAnytime forAoposntmeflt
.4
OR
14x28 Sw,m Area
This is a quality pool!
Call
(313)229-8552
Independence Village of Brighton
$1 1000
aa
14*28 In Ground Pool
Pump
Main Dram
.
NEW
POOL SALE!’
Standard Features
inform the IRS of any non-deductible
contributions made between now and
the time you receive the entire sum
of your IRA funds in other words,
for life.
Realtors note shortage
of single-family homes
Jump Into 1W! Own
IngroundPool
This Summer!
in BRIGHTON
JOHN AUSTIN POOLS
.-.
‘
~1
at ONE LOW PRICE
I
tUntis,
:
.
~~‘v•Ilnd in Brighton all my life a this
town Is part of ma Whin I hiud about
Ind.p.ndenca Village of Sn’qhton.
I dacldad this Is whn I want to
ilvt Han n a few of th, reasons
why I chose Independence Villa ga’~
a retirement plan, the IRS still con•
IRA is still an excellent means of siders you an active participant if
-
n
dropped 508 points, you may hesitate
to invest an IRA in anything but a
cash-equivalent account. in this
case, money market accounts and
Treasury notes may yield a higher Interest rate without a marked increase In risk. Mutual funds can also
be a good choice for investers whose
retirement is 20 or 30 years away a
conservative, diversified, no-load
fund will often result In a much heftier nest egg for your retirement
years.
~
simply by contributing to an in-
.‘
JOHN D. REEBER
JOHN D. REESER, CLU, of Northville was honored for his
outstanding sales performance at a recent business and educational
conference sponsored by MONY Financial Services at MarcoIsland,
Fla. Reeber qualified for MONY’s prestigious President’s Council,
placing him in the top 8 percent of MONY’s 4,100 member sales
force.
The conference featured presentations by MONY and industry
experts on trends in financial products, estate and retirement plaintIng, disability income and professional development.
A member of the National Association of Life Underwriters,
Reeber is associated with MONY Financial Services agency located
at 3331 W. Big BeaverRoad inTroy.
MONY Financial Services is a group of companies providing insurance, Investments, employee benefits and credit facilities for individuals and businesses. With more than $22 billion in assets under
management, the enterprise operates throughout the United States
and Canada, as weU as in military mflets overseas.
ANDREW J. McCOMAS JR. of MM has joined the tax stiff at
the Ann Arbor office of Plante & Moran, an accounting andmanager
ment consulting firm. McComas will provide services to small and
middle-market businessesin his new position.
A Novi resident and a 1977 Novi High School graduate, McComas
earned his BA degree in 1981 from Albion College and currently is
completing his MS degree from Walsh College. Prior to Joining
Plante It Moran, hi was employed by another ~
Piante di Moran is a MicMpn.~asedaccounting and management consulting firm which speciallies In serving small and middlemarket busiqesses. The finn also offers business and personal tax
Mai4h,,lIIa
l.a a~n
r
counseling.
that it’s never too le to change careen. Shoztt, a recent paduate of -~iti~ffil-MnIceL-a1IttpersontfinantlaFplanntng
the American Un~%’enItyof the Caribbean, West Indies, hu been
SHARON UTLEY of Novi was an instant winner in Instant
hired atSinai Samiritan Medical Center In Milwaukee, Wisconsin.
HHonors, Hilton’s guest reward program, while checking in as a
Short (bente’) Is pictured above with his wife Esther (left) and guest at the Pittsburgh Hilton and Towers in early March.
Sister Ann Stamm, chairperson of religious studtesfphlloeophy at
An account executive for Adrien Arpel Cosmetics, Utley is entitiS to two free airline coach seats to any major city in Europe or Asia.
~ “I was one of the oldest in med school (41 years old),” said
Until June 15, members of the Hilton HHonors program receive
Shont.
“My wife, Esther and children, Noel and Andrew, were
a peel-back Instant Winner gift card every time they check in. Winbehind me 100 percent. They enjoyed living in the West Indies and
neii receive a fre European vacation for two, a trans-Atlantic
520W are excited about moving to Milwaukeç.”
curise for two, a year of free stays at 140 participating Hiltons and
While working as a paramedic, Shorit attended Madonna Col- other gifts such as car rentals and airline upgrades.
lege where he graduated in 1979 wIth a bachelor of science degree In
The Hilton also has an ongoing HHonors Award Program under
Emergency Medical Technology and a minor In Religious Studies.
which guests earn points for every eligible dollar charged to their
Seventeen days after his graduation from medical school, Shorit was
moms, These points are redeemable for various travel awards. In
hired by Sinai Samaritan where he will begin his three-year residen- addition, Hilton makes a $1 contribution to the 1988 U.S. Olympic
C)’ In family practice this July.
Team for every room night spent by those enrolled in theprogram.
— ——————
‘IRAs are still valuable retirement tool’
.~
YOUR FULL SERVICE COMPANY
Since 192’O
316 N. Center, Plorthviile
a
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ict. Round Sale ~1 795 * every purchase
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Hours: Mon-Fri. 11-6; Thurs. 11-8; Sat. 11-5
~r~m;rTflIQuQ2th1 ~
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