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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 02, 2004
Page
13
A reader warns of poor IRA distribution guidance from financial professionals. An inherited IRA by a spouse can be rolled over without tax, and IRS private letter rulings show relief may undo 60 day deadline errors. If taxes were paid, an amended return could seek a refund.
The Color of Money column highlights Strategies for Smart Car Buyers by Edmunds.com editors and Philip Reed. It notes average sticker prices and post discount costs, credits Reed's undercover salesroom experiences, and urges budgeting 20 percent of take home pay for car payments. Readers may join the club and enter the Penny Pincher of the Year contest.
Governor Ehrlich planted a cabernet sauvignon vine at the Maryland governor's mansion to champion the state’s 12 wineries producing about 573,000 bottles annually. He highlighted Maryland wine as a growing industry, noting local producers like Fiore Winery in Harford County, which expanded from 1,500 gallons to about 20,000 gallons.
At a major trade show in Atlanta industry executives discuss 3-D games and high definition media on phones designed like jewelry. Virgin Mobile tracks teen groups and uses viral marketing while parents cite safety and high bills as concerns.
Hyundai surged in the U S market starting 1986 selling 100000 Excel cars in seven months and 168882 in the first year. J D Power reports Hyundai and Kia now lead initial quality with 117 defects per 100 vehicles, five better than Europe and six behind Japan.
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