Florida Trend | Florida's Business Authority

Friday's Afternoon Update

Florida boomers could struggle to cover medical costs in retirement

Florida Boomers nearing retirement should start planning now how they are going to cover their future health care costs. A recent Harris Interactive poll found almost half of Americans are "extremely" or "very" worried about how to pay for these costs in retirement. People on Medicare now spend three times more as a percent of income out-of pocket for health care compared to non- Medicare households - 14.7 percent vs. 4.9 percent. Some tips for retiring boomers from the South Florida Sun-Sentinel.

Related:
» Will Health Care Hurt Boomers' Retirement?


IN CASE YOU MISSED IT
Mercy Mission

Floridian

The 30,000 to 35,000 felons released from prison each year in Florida who have been convicted of felonies can’t vote. They can’t serve on a jury. They can’t run for office. They will encounter difficulties in obtaining state or federal licenses, security clearances, government contracts and gun permits.

Clemency lawyer Reggie Garcia helps convicted felons get their rights back.

» Mercy Mission

Florida's capital is a Democratic city surrounding Republican lawmakers

It's sometimes hard to find someone in Tallahassee willing to fess up to their political affiliation. If it's a politician, their positions are evident. Ask a lobbyist or an attorney where they stand, and getting a straight answer may be difficult. It's understandable, considering many make a living reaching out to politicians on both sides of the aisle. But keeping mum doesn't mean they're not talking about the election. [Source: Naples Daily News]


Joe’s Stone Crab opens for 100th season

Stone crab sales at Joe’s and elsewhere took a hit during the recession, as consumers passed up luxury items. But last year, Joe’s sold 300,000 pounds of stone crabs in Miami Beach — with another 100,000 in partner restaurants in Chicago and Las Vegas. [Source: Miami Herald]


» FRIDAY PREVIEW: Coming next week to FloridaTrend.com:

  • Guiding Principles: Elected to office at age 23, Andrew Gillum says he felt unprepared at times for what lay ahead. So he created a program that supports other young officials.
  • Big Exit, Big Opportunity: The end of the BankAtlantic community bank era in Florida means big opportunity for its buyer, North Carolina-based BB&T.
  • ABC Domes: After hurricanes crisscrossed Florida in 2004 and 2005, Peter Fedele, who has spent his career in the construction business, researched which types of buildings fared best during storms.
  • Business Profile: There’s a good reason that Melbourne-based Securboration rarely makes the news, other than in obscure journals or defense publications.
  • Downtown Miami Business Portrait: More than 70,000, mostly young professionals, now call downtown Miami home, up more than 70% from a decade ago.

» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.


Out of the Box

For diners with a taste for the high life — and $500 to spare — the sky's the limit. Lending new meaning to the term "upper class," some 88 brave souls have the chance to gobble on gourmet fare — hanging from a crane hook 180 feet above Delray Beach. The elevating experience, called "Dinner in the Sky," will occur in four seatings on a custom-built platform above Old School Square Park on Oct. 20. Read more from the South Florida Sun-Sentinel, visit the Dinner in the Sky website and see a video below: