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Month: March 2024

Recent Central Florida bankruptcies

Recent Central Florida bankruptcies

Chapter 7

Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:

The Cloak & Blaster LLC, 12226 Corporate Blvd., Suite 192, Orlando. Filed: Feb. 22. Assets: $273,420. Liabilities: $1,057,285. Major creditors: U.S. Small Business Administration, Washington, D.C., $543,958; UC Quad LLC, Knoxville, Tenn., $395,928; Toast, Inc., Boston, $41,383. Creditors meeting: March 21.

Orlando Village Market Inc., 8723 International Drive, Suite 109, Orlando. Filed: Feb. 29. Assets: $77,883. Liabilities: $155,000. Major creditors: Not available. Creditors meeting: March 29.

Primo Services Inc., 6663 Narcoossee Road, No. 172, Orlando. Filed: Feb. 29. Assets: $10,039. Liabilities: $195,576. Major creditors: Huttig Building Products, Davenport, $195,576. Creditors meeting: March 29.

Chapter 11

Central Florida individuals and businesses that have filed for reorganization and protection from creditors under Chapter 11 of the U.S. Bankruptcy Code include: read more

Can you afford health care in retirement?

Can you afford health care in retirement?

By Kate Ashford | NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

At age 65, some couples may need as much as $413,000 to cover health care costs in retirement, according to a January report from the Employee Benefit Research Institute. That’s an extreme case, representing two people with high prescription drug costs — but it’s not outside the realm of possibility.

“It’s one of the most difficult expenses to predict in retirement,” says Nancy Nawn, a certified financial planner in Cherry Hill, New Jersey.

Your costs will depend on your insurance choices, your health, your prescription drugs and your city. (Costs are higher in some places than others.) As you approach retirement, try these tactics to get a handle on future health care expenses.

Save to a health savings account

If you have a high-deductible health plan and access to a health savings account (HSA), max it out. The money you save is triple tax-advantaged: You pay no taxes on the money you save, the interest you earn or any withdrawals used for qualified health expenses. read more

Brightline to add train stop in Cocoa, providing access to Brevard cruise ships

Brightline to add train stop in Cocoa, providing access to Brevard cruise ships

The high-speed train connecting Miami to Orlando plans to add another stop along the way as Brightline officials said Tuesday it would put a station in Cocoa.

The new stop could draw residents from Central and South Florida as well as tourists flying into Orlando International Airport providing easier access to the cruise ships at Port Canaveral and other attractions in Brevard County.

“Brightline is ready to begin the formal process with Space Coast stakeholders to fulfill our vision for a Brevard County station,” said Katie Mitzner, director of public affairs for Brightline in an email. “The Space Coast (Transportation Planning Organization), Brevard County, City of Cocoa and other community leaders have started to bring the region together to identify potential federal, state and local resources for a station to be located in Cocoa. We agree the time is now to finalize a plan.”

No timeline for when the Cocoa station might become a reality was announced.

“The City of Cocoa has met with Brightline executives and is ready to move forward with negotiations for a Cocoa Station located near S.R. 528 and U.S. 1,” said Cocoa Mayor Michael C. Blake in an emailed statement. “We will now begin to coordinate with community stakeholders to present a financial proposal to Brightline.” read more