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April 23, 2013
Consolidating Defined Benefit Plans

CHICAGO — Is accumulating multiple IRAs and 401(k)s the best investment strategy?

CHICAGO — The more things change, the more they stay the same. So goes that old saying illustrating an important truth in many aspects of life, but not in retirement planning.

The world of retirement planning has undergone many drastic changes in recent years, most of which would appear to be here to stay. Perhaps the most significant of those is the gradual disappearance of the corporate defined benefit plan.

A generation ago, in the days of generous corporate retirement plans, spending an entire working career with one employer was a common experience; these days, not so much. Today, many if not most of us will have more than one employer during our working careers.

Some of those employers may provide one of the new retirement accounts such as 401(k)s and some may not. In those cases, we have the option of opening individual retirement accounts (IRAs) to help save money for our retirement years. As a result, over a working career, many people wind up with retirement dollars spread out in several different accounts.

June 5, 2012
No Shortage of Irrational Decisions

CHICAGO — Why supposedly rational humans make so many irrational decisions

CHICAGO — In all of the animal kingdom, only we humans have the ability to employ reasoning in a way that allows us to reach rational decisions. Why is it, then, that we seem to misuse that ability so often, especially in important areas such as money matters?

In coining the phrase “irrational exuberance” more than 15 years ago, former Federal Reserve Board Chairman Alan Greenspan was thought to be warning us that the stock market was irrationally overvalued. As it turns out, his comment may have presaged a new field of study called behavioral economics—a new science that makes an effort to determine why supposedly rational humans make so many irrational decisions.

When it comes to how we handle our money, there’s no shortage of irrational decisions. Consider the person who drives five miles to save three cents per gallon of gasoline, or the investor who consistently buys stocks at their highs and then panics when the market goes down and sells them at their lows.

July 20, 2011
A Real-Life Horror Story (Part 2 of 2)

CHICAGO — By any definition, Joe was a “success,” and so was his business, Success Co. Although Joe was a planner, after he died, his estate plan and business succession plan turned into an economic and tax tragedy—for son Sam, wife Mary and the rest of the family.

July 19, 2011
A Real-Life Horror Story (Part 1 of 2)

CHICAGO — By any definition, Joe was a “success,” and so was his business, Success Co. Although Joe was a planner, after he died, his estate plan and business succession plan turned into an economic and tax tragedy—for son Sam, wife Mary and the rest of the family.

October 16, 2009
Beijing’s Big Show

BEIJING, China — China’s economic growth, improved standard of living and thriving tourism market are creating new demand for sophisticated laundry and drycleaning systems, says Messe Frankfurt, the German show planner staging Texcare Asia this month.

Texcare Asia 2009 — slated for Oct. 28-30 at Beijing’s China International Exhibition Centre — will try to build upon the overwhelming success of the 2007 show. That event attracted more than 5,700 visitors and 135 exhibitors to Shanghai.

July 29, 2009
Texcare Forum Russia to Debut in September

FRANKFURT AM MAIN, Germany — Messe Frankfurt will launch Texcare Forum Russia, the International Forum for Modern Textile Care, at the Crocus Expo International Exhibition Centre IEC Moscow Sept. 30-Oct. 1.

July 17, 2009
‘Top’ Brands Sign for Beijing’s Texcare Asia

Texcare Asia has already signed 60 top industry brands as exhibitors, according to show planner Messe Frankfurt, with four months to go until the show kicks off in Beijing, China. The China International Exhibition Center will host the event from Oct. 28-30, 2009, in tandem with the Texcare Forum Asia educational program.

June 5, 2009
Back to The Big Easy

On August 29, 2005, Hurricane Katrina slammed into the Gulf shores downstream from New Orleans, its storm surge weakening and eventually breaking through the system of levees protecting the city. And slowly, New Orleans — built in a “bowl” two to 12 feet below sea level — began to fill with water.

June 5, 2009
Back to The Big Easy

On August 29, 2005, Hurricane Katrina slammed into the Gulf shores downstream from New Orleans, its storm surge weakening and eventually breaking through the system of levees protecting the city. And slowly, New Orleans — built in a “bowl” two to 12 feet below sea level — began to fill with water.

June 9, 2008
Texcare ’08 Attendance Jumps 17% over ’04 Show

FRANKFURT AM MAIN, Germany — Texcare International closed its doors June 4 after setting a new attendance record, show planner Messe Frankfurt reports. A total of 15,500 visitors from 80 countries throughout the world visited Texcare — an increase of 17% from the 2004 show’s 13,330 attendees.

June 18, 2007
Clean Show Attendance Beats 2005 Numbers

LAS VEGAS, Nev. — The crowds didn’t lie. Preliminary estimates indicate that Clean ’07 in Las Vegas last week was better attended than Clean ’05 in Orlando, according Atlanta-based show planner Riddle & Associates.