Things To Do In SW Florida

CHRISTINE BENZ of Morningstar

Paired with high-deductible healthcare plans, health savings accounts help ease healthcare costs. HSAs are a triple tax-advantaged vehicle in the tax code, allowing for pretax contributions, tax-free compounding, and tax-free withdrawals for qualified medical expenses. However, few owners fund their HSAs to the maximum, and even fewer invest their HSA dollars outside a savings account.

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Most consumers likely don’t fill their HSAs because they lack the financial means; critics note that the HDHP/HSA combination can be less beneficial for lower-income workers. But even wealthy consumers may decline to fully fund their HSAs. Many HSAs charge account-maintenance fees and extra costs for investing in long-term assets. read more

By ALEXA ST. JOHN

DETROIT (AP) — Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles in lieu of investment in more efficient gasoline-engines and hybrid EVs, the company said Monday.

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The Detroit-based automaker, which has poured billions of dollars into electrification along with most of its industry peers, said it will no longer make the F-150 Lightning electric pickup truck, instead opting for an extended range version of the vehicle.

Ford will also introduce some manufacturing changes; its Tennessee Electric Vehicle Center — part of the BlueOval City campus and once the future of Ford’s EVs and batteries — is being renamed the Tennessee Truck Plant and will produce new affordable gas-powered trucks instead. Ford’s Ohio Assembly Plant will produce a new gas and hybrid van. read more

By Caitlin Reilly, Bloomberg News

President Donald Trump promised Americans big tax refunds next year. Many filers — particularly those who could most use the financial boost — may soon be disappointed.

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  DeSantis warns of dangers of AI, calls for Florida to regulate the technology

“Your sort of typical W-2 worker with no kids will see very little change year-over-year,” said Adam Michel, director of tax policy studies at the libertarian Cato Institute. He estimates slightly more than half of taxpayers fall into that group.

That disconnect between Trump’s public promises and the reality for many Americans threatens to create a political liability for congressional Republicans ahead of midterm elections focused squarely on voters’ concerns about affordability. Trump has called affordability concerns a “hoax,” but economic data suggests otherwise. read more

Gov. Ron DeSantis said Monday that artificial intelligence holds immense promise to make lives better through advances such as medical research, but also cited many actual and theoretical perils that he said compel Florida government to intervene and regulate.

“It’s very hard to tell what’s real or what’s not real anymore,” he said, outlining a range of restrictions he wants to place on the companies developing AI.

DeSantis also said that President Donald Trump’s executive order last week designed to block states from crafting their own AI regulations wouldn’t get in Florida’s way.

“The president issued an executive order and some people were saying, ‘Well, no, this blocks the states from doing.’ It doesn’t,” DeSantis said during an event livestreamed from the Florida Atlantic University campus in Jupiter. “An executive order can’t block the states. … Clearly we have the right to do this.”

DeSantis was joined by three parents who outlined the horrors of uncontrolled AI — a child’s suicide and another’s attempted suicide — and by the commander of the South Florida Cyber Crimes Task Force, who outlined other threats. read more

When interest rates fall, you may want to refinance your mortgage. But can you explain what you hope to get out of refinancing?

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“If you want to refinance, I say, ‘Well, what do you want to do? What do you hope to accomplish by refinancing?’” says Carolyn Morganbesser, assistant vice president of mortgage originations for Affinity Federal Credit Union in New Jersey.

To get the refinance you want, you need to explain your goal in words that the lender understands. This is a guide to what to say, complete with sample sentences that you can use as you kick off a refinancing conversation with a loan officer or mortgage broker. read more