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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 08, 2010
Page
26
The couple considers selling the Tucson home to fund their new consulting business and downsize, while delaying Social Security for a higher combined benefit. When to start Medicare premiums and whether to rent or sell the Tucson property are weighed, with owner financing as an option.
Columnist Charles Carter traces the rise and fall of U S homeownership from 1985 to 2010. He notes a peak near 69 percent in 2005, a drop to 66.9 percent by mid 2010, and argues that lack of coordinated regulation rather than mere deregulation contributed to the crisis.
Priority One unveils myternnow com a workforce pipeline site for Corridor employers aimed at educating youth about regional careers. Phase I collects employer profiles wage data living costs internships and housing options with Phase II launching Sept 1 and outreach at career fairs. Kari Lammer cedar rapids org coordinates company profiles.
A Hewitt study tracking about 3 million 401(k) participants reports the largest rise in permanent withdrawals since data collection began. The share from 5.9 percent to 7.1 percent includes 20 percent hardship withdrawals. Wells Fargo notes a rise in hardship withdrawals and cites high costs as the cause. The Transamerica Center for Retirement Studies says more workers cash out when changing jobs.
With staff cuts and lean workloads, many employees fear layoffs and skip breaks or vacations. Steve Saah of Robert Hall notes higher daily demands on a shrinking workforce while Expedia finds 37 percent won’t use all vacation days and many work beyond 40 hours weekly. CFOs and managers also report frequent offsite check ins during breaks. Candice Bennett recalls bringing laptop and cell to her Barcelona honeymoon to stay reachable.
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