Retired Holiday Inns founder builds shopping centers and a Florida vacation complex
Kemmons Wilson, 70, founder of Holiday Inns, after retirement in 1980 has launched two shopping centers and near completion of hotels and a $100 million Orange Lake Country Club near Kissimmee, Florida. He values half-day work, saying he stays busy with multiple ventures and family-led enterprises across Memphis and Florida.
MENTIONED IN THIS ARTICLE
Holiday Inns
Memphis
Tenn
Kemmons Wilson
Wilson
Holiday Inns Inc
Holiday Inn
Orange Lake Country Club
Kissimmee
Fla
Walt Disney World
Orange Lake
Himalayas
India
Burma
China
Summer Avenue
Florida
Disney World
Louisiana
Dorothy
Pension survivors face uncertain benefits in private plans
Thelma Norris and others discover husbands can waive widow’s pension rights, leaving wives with little if any survivor benefits when death occurs before plan retirement age. Legislation sought by Ferraro and Dole would reform private pensions, urging readers to learn their survivor options and contact lawmakers and the Pension Rights Center for guidance.
MENTIONED IN THIS ARTICLE
Thelma Norris
Detroit
Thelma
Allan Norris
Karen Friedman
The
Pension Rights Center
Geraldine Ferraro
D-N.y
Ferraro
Robert. Dole
R-Kan
Senate Finance Committee
Dole
Robert Dole
U.S. Senate
Washington
D.C
Connecticut Ave. NW
Box S
Washington, D.C
Sylvia Porter
Gazette
Johnson Drive
Fairway
Kan
Universal Press Syndicate
Timing rules for home sale tax deferral and two year limit
Lessons from Prentice-Hall stress that capital gains tax deferral on a home sale requires buying a new home at least as expensive after costs and moving into it as the principal residence within two years. The IRS and Tax Court have rejected exceptions, despite illness, weather, or delays, underscoring a hard two year deadline.
MENTIONED IN THIS ARTICLE
New York
Prentice-Hall
Englewood Cliffs
N.J
IRS
June retail sales and inflation data eyed this week
The Commerce Department will release June retail sales on Wednesday while several reports including auto sales, business inventories and unemployment benefits are slated for midweek and late week. Financial rates from various instruments are listed, with several rates around the 9 percent area.
MENTIONED IN THIS ARTICLE
Commerce Department
Labor Department
Federal Reserve Board
Also Mentioned on This Page
Woody Baird
Ssociated
California
Nachos Inc
Jack Silva
Margaret
FMC Corp
Helen Roles
Texas
Auto Industry Report
Finance Company
Bankers Acceptances
Treasury
Merrill Lynch
Telerate Systems Inc
Tom King
Millhiser Smith Agency. Inc
Oakland Road
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