farragutpress

Business

The Knox Party Bus is Penner’s new biz idea

January 17, 2019 by Michelle Hollenhead

Former school bus driver Greg Penner has found a real niche for himself driving The Knox Party Bus — co-owned by his wife, Melinda Penner — that combines his prior work experience with a longtime love of music.

Greg Penner knows two things really well: music and transportation.

Now the Farragut High School graduate (Class of 1984) can combine the two with The Knox Party Bus, a new business he and his wife, Melinda Penner, recently started.

As the name implies, The Knox Party Bus provides transportation for up to 18 revelers who want to safely enjoy themselves, be it a birthday party, wedding, bridal shower or just a night out.

Additionally, the bus is decked out with multi-colored interior lighting, a 46-inch big screen television, a wide variety of CDs and DVDs from which to choose and even dance poles for those who want to “get down.”

While the venture may seem geared toward more adult-types of fun, The Knox Party Bus is “really about families and people being together and making memories,” stated the West Knox County couple on the business’s Facebook Page.

RMD ’19 in regard to IRA at age 70 1/2

January 17, 2019 by Yvonne Marsh, CFP®, CPA

Question: I have an IRA annuity that I started taking lifetime income from in 2017. I’m going to be 70 ½ in 2019. Does this income count toward my Required Minimum Distribution or do I have to take a separate withdrawal?

Answer: The lifetime income payment counts toward your Required Distribution in 2019. Your RMD has to be taken in the calendar year in which you turn 70 ½, so you don’t have to wait until the actual month you turn 70 ½.

Any payments you receive in 2019 can be included.

business briefs

January 17, 2019 by

• Realtors J. Corbitt, Josh Hartman and Molly Veness have been named top agents in the Weichert, Realtors – Advantage Plus office for December. Corbin was named overall Top Agent of the Month while Hartman and Veness were named Top Selling and Top Listing agents respectively.

• Dena Mashburn, a family nurse practitioner and former Knox County Health Department clinical services manager, has been promoted to KCHD director of Nursing while Charity Menefee, formerly KCHD Regional Hospital coordinator, has been promoted to Communicable and Environment Disease director.