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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 17, 1988

Page

9

Elyria savings boosts Yanick to trust officer role

Michael E. Yanick earns promotion to trust officer at Elyria Savings and Trust Bank announced by president C Donald Bramley. Yanick, a native Elyrian, has degrees in business administration and law and previously clerked for U S District Judge Robert Krupansky.

Michael E. Yanick Elyria Savings and Trust Bank C. Donald Bramley Elyrian Yanick Elyria High School Ashland College Cleveland Marshall College of Weigl L. Kim Bevington Elyria Foundry Elyria Ostendorf-Morris Real Estate Co Ostendorf- Morris Foseco Inc Brackenhoff Bowling Green State University Greater Lorain

Baby Boomers poised to reshape markets and culture

Demographers say the 80 million postwar cohort born 1946 to 1964 now enters peak buying years. They will drive demand for home products, time saving tech, maternity fashion, day care, and detailed advertising as they shape which businesses succeed or fail.

Townsend Francese Kodak Film Sony Television Franese Shaber Futures Group Morrison Rand Corp L.L. Bean Maine

Kids with buying power influence adults and markets

A San Francisco Examiner piece shows 15 year old Amy Lassiter and 12 year old Zack wield growing spend influence. With an $11.50 weekly allowance, they help shape family purchases from groceries to clothing, while advertisers court a booming $4.7 billion youth market and Levi Strauss promotes early brand familiarity with its Lets Get Dressed program.

Amy Lassiter Zack Lassiter Amy Levi's

Required IRA distributions start at age 70 1/2 rules

The tax law requires starting IRA distributions by April 1 after reaching 70 1/2 and yearly by December 31. Calculate amounts from December 31 balances using life expectancy tables, with annual updates. Non-spouse beneficiaries must withdraw within five years or over life expectancy. penalties apply if distributions are too small.

Treasury

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