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The Portage County Legal News, Kent Ohio, Ravenna Ohio, Portage County Ohio

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Time for an adviser switch

Dear Mr. Berko: Eighteen years ago, when my wife and I were 50, we sold our business for $4 million after taxes. We took $1.7 million in cash plus $110,000 a year for 20 years. Our intent was to live on the $110,000 each year and then sign up for Social Security at age 70 and begin taking dividends and principal from the money inves ... (full story)


OhioHealth to open senior medical centers in underserved neighborhoods

OhioHealth announced a new five-year, $60-plus million partnership with ChenMed with plans to open three new senior medical centers in underserved neighborhoods.
The new primary care practices will open in Columbus' north and far east side and the Hilltop area in the early fall next year, providing access for up to 8,000 seniors. ... (full story)


GM plant closing not expected to stall Detroit's rebound

GM plant closing not expected to stall Detroit's rebound

DETROIT (AP) — General Motors' planned shutdown of its Detroit-Hamtramck plant would leave only one auto assembly factory in the city known for "putting America on wheels," but the closure and job losses are not expected to stall-out Detroit's comeback since its 2014 bankruptcy exit.
Experts say a more tech-driven ... (full story)


Economic chill dulls Chinese appetite for some luxury brands

Economic chill dulls Chinese appetite for some luxury brands

BEIJING (AP) — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.
It's a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry ... (full story)


Buy AT&T, Verizon or both?



Dear Mr. Berko: I'm torn between investing $50,000 in AT&T and investing $50,000 in Verizon. My Merrill Lynch stockbroker is much more bullish on AT&T than he is on Verizon. However, the adviser who runs my retirement account at Northern Trust prefers Verizon. I have equal respect for both men and need you to be the arbiter. ... (full story)