Q: We have our home, some money (not much) and no liabilities. Our income covers our lifestyle expenses. I was wondering if I should get a reverse mortgage for emergencies? — E.S., Clermont A: There are several types of reverse mortgages available today. One is a line of credit that would increase the amount available for your use over time. This works as a way to gain access to the equity in your home allowing you to use for any purpose including paying for long term care. — Gregory Collier Q: My 65-year-old son wants to know how much of his IRA he can convert to a Roth IRA? — R.P.D., New Smyrna Beach A: He is allowed to convert all of his IRA to a Roth account if he chooses to pay all the tax in the year he converts it. I’d have him consult with his tax expert first to see if it makes sense to do so. — Dennis Nolte Archive: Central Florida financial planners answer more questions » Have a question? E-mail [email protected] Include your … [Read more...] about Can a reverse mortgage provide money for emergencies?
The staff at recruiting firm Cameron Smith & Associates has implemented a "sundown rule" as it anticipates corporate job cuts at Wal-Mart Stores Inc. Cameron Smith, founder of the Northwest Arkansas firm that specializes in working with Wal-Mart suppliers, said it means the Bentonville company is prepared for a wave of phone calls, emails and messages from Wal-Mart corporate workers looking for new jobs. His staff plans to respond quickly. "Anyone who reaches out to us ... we will respond that day," Smith said. Officials, businesses and others throughout the region are bracing for another large round of job cuts at Wal-Mart's company headquarters after a Wall Street Journal report late last week said the company plans to eliminate more than 1,000 corporate jobs -- most of them based in Bentonville -- by the end of the retailer's fiscal year on Jan. 31. Wal-Mart will not confirm plans to fire workers but repeated a statement last week that it has been "looking at our structure for … [Read more...] about Job-recruiting firm gears up to ‘triage’ if Wal-Mart pares
PARIS (AP) — The Catholic church is going digital in Paris. Trying to adapt "to new technologies to anticipate the gradual disappearance of cash money," the Paris diocese says it will introduce a system allowing contactless card payments during Sunday's mass at Saint Francois de Molitor, a church located in an upscale and conservative Paris neighborhood. The Paris diocese explained Thursday that five connected collection baskets with a traditional design will be handed out to mass attenders during the service. They will choose on a screen the amount they want to donate — from 2 to ten euros — and their payment will be processed in "one second." The diocese insists "this new gesture remains extremely close to the usual" one, yet parishioners will still be able to use cash for their donations. … [Read more...] about Church in Paris to use contactless cards for collections
By Jonathan Lansner | [email protected] | Orange County Register January 18, 2018 at 12:59 am Some statistics on how Buena Park housing looks compared to the rest of the nation in Zillow’s eyes. The online housing tracker’s national databases can help add some perspective to the high price of local living. As of November, for example, Orange County real estate by Zillow’s math — the No. 5 nationally in housing market size — has a median home value of $696,200, 13th highest in the 1,700-plus U.S. counties tracked. That’s after surging 44.7 percent in the last five years, the 212th ranked gain nationally. Here’s how Zillow sees home values in Buena Park as of November compared to some 13,000-plus other U.S. cities … Market size: No. 418 nationally, or in the top 4 percent. Price: $564,700 — that’s No. 703 nationally or in the top 6 percent. 5-year gain: 53.2 percent — that’s No. 1,458 or in the top 12 … [Read more...] about Buena Park home prices up 53 % in 5 years: How’s that rank nationally?
Sonam Sheth, provided by Published 10:17 pm, Wednesday, January 17, 2018 AP Photo/John Minchillo Former Trump campaign manager Corey Lewandowski testified before the House Intelligence Committee on Wednesday, but refused to answer questions about events that took place during the campaign and his conversations with President Donald Trump since then. Lewandowski is the latest official to stonewall the committee as it probes Russia's election interference and whether the Trump campaign colluded with Moscow. Lewandowski was present during a number of critical events that investigators are keenly focused on. Lewandowski spearheaded the campaign operation until June 20, 2016 and was a top official during a number of critical events that have drawn investigators' scrutiny, but his answers on Wednesday appeared to frustrate lawmakers, particularly Democrats, on the committee. LATEST BUSINESS VIDEOS Now Playing: Now Playing Report: Risk of Nuclear Weapons … [Read more...] about Another key Trump campaign official is stonewalling the House Intelligence Committee amid the Trump-Russia investigation
Finding a new site for aviation navigation equipment that prevents the Little Rock port from making more of its property available for industrial development will cost up to $100,000 and take a year to 18 months. The Little Rock Port Authority board of directors on Wednesday approved a resolution allowing the authority to enter into an agreement with the Federal Aviation Administration to study relocating the navigation aid and use Garver, a North Little Rock engineering firm, to conduct the study. The authority is setting aside $50,000 for Garver to identify two or three potential sites. Another $50,000 has been designated for leasing a portable navigation aid to test whether any of the sites are suitable. Any money not spent under the agreement will be returned to the port. "It's not an ideal situation," Bryan Day, the port authority's executive director, told the board. "We wish it didn't exist. But if we don't address it, it restricts our ability to grow and evolve. The best land … [Read more...] about LR’s port looking to move FAA tool
SAN FRANCISCO -- Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. that will be partially financed by savings from the country's new tax law. The pledge announced Wednesday comes less than a month after Congress approved an overhaul of the U.S. tax code championed by President Donald Trump that will increase corporate profits. Besides dramatically lowering the standard corporate tax rate, the changes offer a one-time break on cash being held overseas. Apple plans to take advantage of that provision to bring back most of its roughly $252 billion in offshore cash, generating a tax bill of about $38 billion. It's something that Apple Chief Executive Officer Tim Cook promised the company would do if it could avoid being taxed at the 35 percent rate that had been in effect under the previous tax law. About $75 billion of the $350 billion in U.S. investments will be paid from money that had … [Read more...] about Apple plans 2nd corporate hub
As chief operating officer of Wal-Mart's U.S. business, Judith McKenna played an integral role in helping the Bentonville retailer overhaul its domestic stores. Her efforts have earned her a promotion to an international position. Wal-Mart on Wednesday named McKenna chief executive officer of its international business effective Feb. 1, moving the 51-year-old into a job held by David Cheesewright the past four years. The move comes after Cheesewright, 55, informed the company he planned to leave the post on Jan. 31. He will remain as a full-time executive vice president through March 31. Cheesewright will then work on "specific projects" for a "longer period of time," according to a news release. "I've had the pleasure to work with Judith for many years and have seen first-hand her ability to lead strategic change, build relationships with our associates and strengthen our business," Wal-Mart Chief Executive Officer Doug McMillon said in a statement. "It has been inspiring to see her … [Read more...] about British top exec shined in U.S.
DETROIT -- Automakers put out new vehicles of all shapes and sizes when the North American International Auto Show in Detroit opened to the media this week, including small cars, SUVs and the almighty pickup, which dominated the show. All will be on display when the show opens to the public Saturday, with a charity preview Friday night. Pickups are the most popular vehicles in the U.S., and trucks unveiled at the show make clear that will continue for a while. General Motors spent heavily to update its top-selling Chevrolet Silverado, cutting up to 450 pounds of weight by using more aluminum and lighter high-strength steel. The truck also gets two new V8 engines that can run on one to eight cylinders depending on how much power is needed. Fiat Chrysler's Ram also got big updates, losing more than 200 pounds and giving it a gas-electric hybrid engine option. Both the Silverado and Ram were given more athletic stances and fiercer looks. Ford added a diesel engine to its F-150 and rolled … [Read more...] about Auto show clear: Pickups still the stars
President Donald Trump has come to see that NAFTA has some benefits to the United States, particularly for farming, even as he stays firm in his demand for a new deal, Agriculture Secretary Sonny Perdue said Wednesday. Trump "probably left the campaign trail literally believing that NAFTA had not been good for any sector of the economy," Perdue said at his office in Washington. But "I think that he has now come to realize that agriculture has been benefited by a NAFTA agreement." Talks to revamp the North American Free Trade Agreement will continue in Canada this month, with the deal's fate unclear. Trump and House Speaker Paul Ryan each said last week that they'd rather renegotiate than walk away from the pact with Canada and Mexico altogether, although Trump reiterated his threat to pull out. Canadian officials said last week that they believe the odds are rising that Trump will give notice of a NAFTA withdrawal. The president's more nuanced view on trade shouldn't be confused with a … [Read more...] about Ag chief says Trump sees good in NAFTA