Updated 1 years ago
Fifty years ago, only about 3,300 Americans had made it to 100 years old. Now, Florida alone has more centenarians than that collecting Social Security checks. Financial advisers say more clients should plan for their money to last 30 years or more in retirement and many South Floridians may need to rethink how long their savings will to last. "We just had a client who died at 108," said Boca Raton financial planner Alan Galinsky. "If we don't plan long enough for our clients, their assets will exceed their life expectancy. What do we say then? Oops! Sorry!" [Source: South Florida Sun-Sentinel]
While Europe stands out as a volatile investment market, Latin America has drawn the attention of investment strategists, who are particularly bullish on Brazil, with its growing middle class, low unemployment and large-scale projects in preparation for the 2014 World Cup and 2016 Olympic Games. Read more...
While Natalia and Victor Wolf are known for their massive land swindle on Florida’s Gulf Coast, records just filed in Miami-Dade civil court show they left a far deeper trail of fraud, leaving stunned victims across the state. Though law enforcement agencies in two counties probed the fugitive couple, records now show they left their mark in twice as many places before vanishing five years ago. [Source: Miami Herald]
Buyers looking for a brand new home are likely to have more to choose from this year. New home construction is expected to rise 15 to 20 percent over the 1,319 homes started in 2011 across Palm Beach County, according to Brad Hunter, South Florida director of the Metrostudy research firm. "People are more optimistic and ready to buy," he said. [Source: South Florida Sun-Sentinel]
More Southwest Florida Economic Indicators...
Manufacturing shows promise in Sarasota and Bradenton while strong job growth and a declining inventory of homes for sale provide a ‘flicker of light’ in Naples.
ALSO AROUND FLORIDA:
› Teaching kids to save [Miami Herald]
Money experts say teaching kids to save has more benefits than a heavier piggy bank. “The biggest thing is that it teaches self-control. In today’s world, with all of the immediate gratification that video games, technology and the like bring, learning self-control is significant for long-term success,” said Laura Fisher, executive director of the American Banking Association Education Foundation.
› Battle brews between craft beer market and taxi tycoon [South Florida Sun-Sentinel]
A tiny vacant lot that's been abandoned for more than a decade is now at the literal center of a turf war between a small neighborhood market and Broward's taxi czar. On one side of the property battle is the Riverside Market Café, a deli market and craft beer shop widely credited for helping revive Fort Lauderdale's Riverside Park neighborhood. On the other side is a small office building owned by Broward taxi mogul Jesse Gaddis, one of the county's most influential businessmen and frequent political campaign contributor.
› Hispanic conference in Miami aspires to be another South by Southwest [Miami Herald]
For the first time, a four-day conference highlighting Hispanic public relations, social media, marketing, advertising, blogging, filmmaking and entertainment, is coming to Miami next week.
› Tourism gets lift from state budget earmarks [Orlando Sentinel]
The 2012-13 state budget sure looks like a good one for Central Florida's tourism industry. The proposed state spending plan recently approved by the Florida Legislature includes millions in funds for transportation projects throughout the area's tourist corridor.
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› Is nuclear power industry poised to repeat 'managerial disaster'? [Tampa Bay Times]
The failure of the U.S. nuclear power program ranks as the largest managerial disaster in business history, a disaster on a monumental scale. The rant of an antinuclear activist? Hardly. It was the first sentence of an in-depth story in a conservative business magazine, Forbes. In 1985.
› 2 First Coast men 'living a dream' running surf camp in Nicaragua
So you think you want to run a surf camp in a tropical paradise? Be warned: It isn't all surfing and hammocks and cans of Tona beer at sunset.
› Unpopular no-fault auto insurance mandate hangs on in Florida [Palm Beach Post]
Dumping no-fault insurance saved Colorado drivers 35 percent on their auto premiums, but Florida motorists won't get the chance to find out what that feels like this year. Once he gets the bill, Florida Gov. Rick Scott is expected to approve an insurance law that would stiff massage therapists and acupuncturists but generally preserve a $2 billion-plus government-mandated coverage defended by hospital and insurance lobbyists.
› Developer and philanthropist Nathan Benderson dies [Sarasota Herald-Tribune]
Nathan Benderson, who leveraged a bottle-salvaging company he created as a teenager into one of the nation's largest privately held real estate companies, died early Saturday. He was 94. Benderson, who moved Benderson Development Co.'s headquarters from Buffalo, N.Y., to southern Manatee County in 2004 — becoming one of the region's largest employers and most significant landowners — was involved with the company until his death.
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