Findlay Automotive Group facing lawsuit over cyberattack
The lawsuit alleges that the dealership group failed to protect the private information of its customers.
CDK shutdown forces dealer Damon Lester to flex payroll system, divert leads off website
Since Damon Lester’s Nissan dealership uses CDK software to track employee hours worked, calculating the biweekly payroll set to be paid the week of June 24 will require a pivot, he said.
CDK cyberattacks could trigger litigation from consumers and dealers alike
It was a rough week as CDK Global dealt with two cybersecurity attacks, its customers rushed to adapt and experts predicted more breaches to come.
The Savings Game: The ultimate guide to retirement account regulations
I receive more mail about retirement account issues than about any other subject, and that’s because Congress and federal agencies keep updating the regulations.
When trying to answer readers’ questions about retirement, I regularly consult IRA expert Ed Slott and his staff (IRAhelp.com) because they are up to date with all the changes in regulations.
I highly recommend Slott’s book “The Retirement Savings Time Bomb Ticks Louder.” It addresses the critical issue that every other retirement- and tax-related book ignores: protecting your assets from excessive taxation. He believes this factor is more crucial than any other to your “ability to live the lifestyle you’ve been saving for all your life, or to pass on your hard-earned savings to those you love.”
Action plan
There have been significant regulation changes related to retirement accounts since 2020. Slott outlines a five-step action plan that will allow you, not the IRS, to make full use of your retirement plan assets.
Timing of distributions is important, and Slott discusses the right time to start taking money out, the right amount to take, and how to avoid penalties.
Florida unemployment rate remains steady at 3.3% in May
TALLAHASSEE — With state officials pointing to issues such as job growth in the construction industry, Florida’s unemployment rate remained at 3.3 percent in May, according to a report released Friday.
The rate also was 3.3 percent in April, after inching up from 3.2 percent in March and 3.1 percent in the three previous months. Florida had a 2.8 percent unemployment rate in May 2023.
Across Florida, the lowest unemployment rate in May continued to be in South Florida, with the Miami-Fort Lauderdale-West Palm Beach metropolitan statistical area at 2.6 percent, down from 2.7 percent in April.
The Naples-Immokalee-Marco Island and Crestview-Fort Walton Beach-Destin areas were at 2.7 percent, both dropping from 2.9 percent a month earlier.
Panama City was next at 2.8 percent, while the Orlando-Kissimmee-Sanford area was at 2.9 percent.
The highest rate was in the Homosassa Springs area at 4.5 percent, down from 4.9 percent in April. The next-highest areas were The Villages and Sebring, both at 4.2 percent.