Tuesday, April 24, 2018
Business

When to save for retirement? Right now

A secure retirement requires planning, no matter how modest your expectations. If you're getting a late start, here are some helpful ideas:

• "Tax Guy" Bill Bischoff says in this Marketwatch.com post that making "catchup" contributions to a 401(k), IRA or similar tax-advantaged retirement account can significantly increase your savings. In many cases, catch-up payments for the 2013 tax year are allowed through April 15 for people who were at least 50 years old by the end of 2013. Check with your employer to see if catchup contributions are allowed in your company's 401(k) plan. http://goo.gl/bLTq0Q

• Here is an IRS page on catchup contributions to the various types of retirement accounts: http://goo.gl/C5Pcdt

• Beefing up savings after age 50 is a challenge that could require you to examine your expenses closely. "Cycle through all your expenses and try not having certain costs for a month," suggests David Ning at Money.USNews.com. "You never know how one decision can change other parts of your life. You could save money and have more fun at the same time." http://goo.gl/0PlGSe

• Prepare for retirement by learning some basics about investing, says this guide posted by the U.S. Department of Labor. It might not be enough to rely on a company pension. "Know how your savings or pension plan is invested," the guide says. "Learn about your plan's investment options and ask questions. Put your savings in different types of investments. By diversifying this way, you are more likely to reduce risk and improve return." http://goo.gl/IhwCk

• The Money.CNN.com headline screams: "Help! I'm in my late 40s, with no retirement savings." In this post, writer Walter Updegrave offers some first moves to tardy savers. Your first, he says, is probably to open an IRA at a mutual-fund company and fund it for the previous year, which you are allowed to do until tax day. And don't despair, says Updegrave: "So if you get started now — and I mean pronto — you can still dramatically improve your retirement prospects and avoid ending up dependent on Social Security alone after you retire." http://goo.gl/aCwqhI

Comments
Clearwater looks to move out of City Hall to speed up Imagine Clearwater waterfront redevelopment

Clearwater looks to move out of City Hall to speed up Imagine Clearwater waterfront redevelopment

CLEARWATER — Elected officials have talked about relocating City Hall from the downtown bluff for a good 30 years. Now there’s a jolt of urgency to actually do it.Voters backed a referendum in November that essentially greenlighted the $55 million re...
Updated: 1 hour ago
Shrinking supply of Tampa Bay condos and townhomes drives up prices

Shrinking supply of Tampa Bay condos and townhomes drives up prices

Sales of condos and townhomes in the Tampa Bay area jumped 9.5 percent in March, hitting a median of $156,000. The price gain was prompted in part by a supply shortage, with sales down 7.5 percent amid a dwindling inventory. Statewide, sales also lag...
Published: 04/25/18
Three artists picked to create art for St. Pete’s new pier

Three artists picked to create art for St. Pete’s new pier

ST. PETERSBURG — Pelicans will return to the pier in fanciful form.A California artist has been selected to create an enormous, red origami sculpture of a pelican that will serve as a metal perch for three more lifelike, but no less fanciful, imitati...
Updated: 8 hours ago
Career Q&A: Disillusioned with grind of telecommute

Career Q&A: Disillusioned with grind of telecommute

Q: I have become very disillusioned with my telecommuting job. I accepted this position about a year ago because I liked the idea of working from home. However, I now have so many assignments that I can barely keep up. I was recently given a huge pro...
Updated: 10 hours ago
Pinellas County commits $41.7 million to Blue Jays Stadium

Pinellas County commits $41.7 million to Blue Jays Stadium

DUNEDIN — The Pinellas County Commission pulled the final trigger Tuesday on dedicating $41.7 million in bed taxes for upgrades to the Toronto Blue Jays’ stadium and spring training facilities, a pledge that amounts to covering more than half of the ...
Published: 04/24/18
Florida’s small businesses need more skilled workers, survey says

Florida’s small businesses need more skilled workers, survey says

Florida small business owners say their top concern is a lack of skilled workers, according to a recent survey by the Florida Chamber of Commerce. Workforce quality has been a recurring issue for small businesses, according to previous surveys. In th...
Published: 04/24/18
Marriott CEO: Our three-hotel bet at Water Street Tampa reflects how Tampa is evolving

Marriott CEO: Our three-hotel bet at Water Street Tampa reflects how Tampa is evolving

TAMPA — The world’s biggest hotel company already has 29 properties in the Tampa Bay area, but its CEO says a plan to put more than 1,400 rooms in three Marriott-branded hotels within a few blocks of each other says something about how Tampa is evolv...
Published: 04/24/18
Study ranks Florida No. 8 for most aggressive drivers

Study ranks Florida No. 8 for most aggressive drivers

If you’ve ever complained about other motorists on the road, you may have been justified. The Sunshine State ranked No. 8 on GasBuddy.com’s list of states with the most aggressive drivers."Our findings indicate that states with densely populated citi...
Published: 04/24/18
First curbside delivery, now Amazon leaves packages with no one in the car

First curbside delivery, now Amazon leaves packages with no one in the car

Amazon is taking the growing curb-side delivery trend a step further — now shoppers don’t even have to be inside their cars to get their items.The online retailer announced Tuesday it has begun delivering packages to newer cars with OnStar service in...
Published: 04/24/18
Ex-Yahoo paying $35M to settle SEC charges over 2014 hack

Ex-Yahoo paying $35M to settle SEC charges over 2014 hack

WASHINGTON — The company formerly known as Yahoo is paying a $35 million fine to resolve federal regulators’ charges that the online pioneer deceived investors by failing to disclose one of the biggest data breaches in internet history. The Securiti...
Published: 04/24/18