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Business

  • Focus on Finance: Avoiding spousal beneficiary mistakes in five easy steps

    Question: Who is a spousal beneficiary?

    Answer: A spousal beneficiary must be married to the account owner at the time of the account owner’s death and must be named on the beneficiary form (or inherit directly through the document default provisions). A spousal beneficiary has a number of unique options.

  • Focus on Finance: Aging and our parents

    Question: My parents are getting older and I feel we need to discuss the inevitable. Can you offer a check list of topics to make sure we cover?

    Answer: It is never easy to talk to parents about what their wishes are as they age. But it is a conversation that must be had, and more importantly, had before a major crisis occurs.

  • Cardinal Health to lose more than 20 positions

    A pilot program at Cardinal Health’s call center in Radcliff is being discontinued.

    The announcement came after running the program for six months at the Radcliff and Sherwood, Arkansas, call centers, said Corey Kerr, director of media relations for the company.

    By the end of September, a mix of 45 full- and part-time employees split between the two centers will be affected by the cancellation of the program. Employees will receive at least 30 days notice and are encouraged to apply for other Cardinal Health positions, she said.

  • Gifts that give back

    Question: As a business, I get a lot of requests from local charities to sponsor events or make donations. Can I deduct that on my taxes?

    Answer: While your purpose for giving to charity should be altruism, it is important to know  great tax benefits exist for those who give, both as individuals and as businesses.

  • Lakewood Elementary names interim principal

    Lakewood Elementary School Assistant Principal Jonathon Williams will serve as interim principal next year.

    Williams moves into the post after current principal, Shelee Clark, was selected to fill the one-year job of director of Professional Growth and Effectiveness. She will return to Lakewood as principal before the beginning of the 2015-16 school year.

  • Nielsen to close Radcliff call center

    Changing times at Nielsen mean changes for Radcliff.

    In a notice dated Tuesday to Radcliff City Hall, Nielsen senior human resources partner Tamela Puckett said the media statistics company will close the center effective July 31.

    According to the document, 237 employees will be affected and the change is expected to be permanent.

    In a statement from Nielsen, a spokesman said the changes are part of the company’s reorganization.

  • Deom property heading to auction

    Once a burgeoning full-service health care line, the former home of Deom Health Enterprises will be on the auction block later this month.

    The approximately 30,000-square-foot facility at 75 Nature Trail off Joe Prather Highway will be auctioned May 20 in a sealed bid process. Bids are due by 4 p.m. at Tranzon Asset Advisors, 1108A N. Dixie Ave., in Elizabethtown, said Vice President Jeff Farmer.

  • Your financial road trip

    Question: I am looking for a solid financial plan. Help!

    Answer: As families gear up for summer vacations, many plan to take road trips. Whether to visit relatives, national parks, or popular amusement destinations, these trips need to be planned in detail so the destination can be reached with as few bumps as possible. Your finances can be viewed in the same manner. Your destination equals your financial goals. What process do you need to get there? Here is a map for your financial road trip.

  • New 60-day rollover rules

    Question:What is the new rule regarding a 60-Day IRA-to-IRA Rollover?

    Answer:On March 20, the IRS released Announcement 2014-15 providing new guidance on the once-per-year rollover rule.

    The guidance became necessary in light of a recent tax-court decision in the Bobrow case. Going forward, you only are able to do one 60-day IRA-to-IRA rollover in a one-year period — once every 365 days — not a calendar year.

  • Economic development agency addresses Radcliff’s housing market

    Board members of the North Hardin Economic Development Authority met Tuesday as part of a regularly scheduled quarterly meeting to weigh in on recent discussions regarding Fort Knox’s housing market.

    Chairman Mike Weaver said he shared with board members facts about the Department of U.S. Army’s decision to open housing to all branches of the military, including active duty and reserve, Department of Defense employees, military and federal civil service retirees and DoD contractors, not only at Fort Knox, but also at 18 other Army posts throughout the country.