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Portage County Legal News.
Business
Should higher earners still make 401(k) catch‑up contributions?
Since 2002, retirement savers age 50 and over have had the option of making “catch-up” contributions to their 401(k) plans, which stack on top of the regular limits for employee contributions to tax-deferred retirement plans. The amounts were limited to $1,000 per year when they first came out but expanded to $7,500 by 2 ... (full story)
How social media killed the food festival stars. And created others
MIAMI (AP) — For nearly 10 years running, Lesley VanNess never missed the South Beach Wine & Food Festival, a beachfront bacchanal of celebrities, booze and bites that tens of thousands of attendees pay hundreds to thousands of dollars to join.
It was about access, the chance to nosh and gab with the likes of Rachael R ... (full story)
Forced Selling and the Fed
Q. What is "forced selling"? -- A.D., Chepachet, Rhode Island
A. It can refer to multiple things. For example, imagine you've invested "on margin." (That's when your brokerage lends you money to invest with.) If your holdings fall in value significantly, you might receive a "margin call," requiring ... (full story)
From dabblers to day traders, individual investors' impact on Wall Street grows
LOS ANGELES (AP) — For years, individual investors were dismissed by some on Wall Street as “dumb money.”
That typically referred to those prone to trading on hype, or chasing trends rather than company or industry fundamentals, or responding late to big market moves.
That's no longer the case. An analysis ... (full story)
Local
From Cabinet secretary to doomsday president: What being the designated survivor is like
WASHINGTON (AP) — They typically start the day as low-profile Cabinet secretaries. They end it that way, too, God willing.
But when the rest of the government is gathered together for a big event, like President Donald Trump's State of the Union address last week, a designated survivor is kept away to ensure someone in the ... (full story)
PUCO must recalculate $1.44 million penalty assessed to power supplier
The Supreme Court of Ohio last week upheld a ban on a supplier of electricity and natural gas from doing business in the state, following several consumer complaints. However, a proposed $1.44 million penalty against the company must be recalculated.
The Supreme Court affirmed the Public Utilities Commission of Ohio (PUCO)'s res ... (full story)
State
Louvre Museum director resigns in wake of brazen October crown jewel heist in Paris
PARIS (AP) — The Louvre Museum's director resigned Feb, 24, ending months of questions in France’s cultural world over why no top official had stepped down after the October crown jewels theft.
Laurence des Cars' departure closed a bruising chapter for the world’s biggest museum. It came as the Louvre faces a w ... (full story)
In 'Wonder' the musical, young actors with facial differences find their voices onstage
CAMBRIDGE, Mass. (AP) — When Max Voehl auditioned to play the lead role in the musical “Wonder,” he sensed he was playing a version of himself onstage.
Voehl, who was born with a bilateral cleft lip and palate, has endured multiple surgeries like Auggie Pullman — 13 to Auggie's 28. The 12-year-old from Ut ... (full story)