GM must face big class action over faulty transmissions
A class action suit claims GM violated laws of 26 U.S. states by knowingly selling several hundred thousand vehicles with faulty transmissions.
The Savings Game: Be strategic about taking IRA distributions
I indicated in a recent column that if you inherited an IRA after the SECURE Act went into effect at the beginning of 2020, and if the original owner of the IRA had reached their required beginning date (RBD), and if that person was not your spouse, you are likely subject to the regulations related to non-eligible designated beneficiaries (NEDB) and are required to start taking RMDs in 2025.
Even though you were not required to take RMDs in 2021 through 2024, you are required to compute the amount of your RMD based on the amount you would have taken the year after you became a beneficiary.
For example, assume you inherited an IRA in 2020. If you had to take an RMD in 2021, you would have based that RMD going back to the amount you would have taken in 2021. So you would have used the single life table to determine your life expectancy in 2021, the year after you inherited your IRA. If you were 50 in 2021, your life expectancy in 2021 would have been 35.3. For each year after 2021, you would subtract one from that factor for each year after 2021. Thus, in 2025 you would subtract four from 35.3 to determine your life expectancy. If the value of the inherited IRA was $100,000, and the value of your IRA at the end of 2024 is $110,000, you would divide $110,000 by 31.3 to determine your RMD in 2025.
People on the move
Health care
Joni Hunt was appointed vice president of strategic partnerships and foundation for the AdventHealth East Florida Division.
Hospitality
Luciano Sperduto was appointed director of food and beverage at the Caribe Royale Orlando Resort.
Ali Mohammed was appointed regional vice president and general manager of Four Seasons Resort Orlando at Walt Disney World Resort.
Other
Danielle Permenter was appointed chief development officer for the Orlando Economic Partnership.
Destin Wells was promoted to senior vice president of Economic Development for the Orlando Economic Partnership.
Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.
Kudos to tourism brands embracing the sober travel trend
Laurie Baratti | (TNS) TravelPulse
Traveling as a sober person can be quite challenging at times. No matter how comfortable you are with your sobriety or how long it’s been since your last alcoholic drink, it can still feel like you’re missing out. After all, the whole point of traveling is to soak in as many new experiences as you can, and plenty of those experiences seem to involve imbibing. When you’re with other people who seem to be enjoying themselves all the more because of their buzz, it can feel pretty awkward declining to partake.
Luckily, it seems like travel and hospitality providers are finally dedicating some serious thought to providing satisfying non-alcoholic alternatives that can rival their boozy counterparts. Instead of having to order a virgin (fill-in-the-blank) that’s probably just cocktail mixer or syrup and ice, sober and sober-curious travelers are beginning to get some more epicurean options when it comes to their beverages. In fact, I’ve noticed mocktails appearing on menus alongside cocktails more as a matter of course these days.
Carvana developing ADESA Kansas City into joint vehicle auction and inspection ‘megasite'
ADESA Kansas City, in Belton, Mo., is the third ADESA auto auction at which Carvana is adding its own inspection and reconditioning processes.