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MAY 6, 2021   |   VIEW AS WEBPAGE
 
 
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Saylorville Marina probably won't be home to many new boats this summer, given the industry's low inventory.
Consumer Demand for Boats Exceeds Local Supply

BY STEVE DINNEN

If you’re interested in entertaining your family and friends this summer in a spiffy new motorboat, you can swing by Brightwell’s Boathouse and check out its inventory of two fishing boats and a single pontoon boat. That’s right – just three boats sit in their yard, which in normal (i.e., pre-pandemic) times would have 60 or 70 to choose from.

“We’re placing orders for next year,” said sales rep Nathan Lundeen of the supply disconnect and current lead times (typically a month or perhaps two). There simply is nothing available this year because of supply chain disruptions brought about by COVID.

“It’s really discouraging. I’ve never had a year like this,” said Dan Mihalovich, who’s been selling boats at Tiki Marine in Centerville (near Lake Rathbun) since 1975. He also is basically out of inventory and said it’s not just woes with one supplier, but the entire industry.

As one retailer explained, the problem is threefold: Boats are not available. Motors are not available. And trailers are not available. You need all three to make your boating day. What are available are buyers, tons of them, who have paid deposits on orders and now call once a week or so hoping their boat has arrived.  

The retailer said a single boat did arrive recently – with no seats. There is a shortage of foam, used for seat paddings both for boats and automobiles.  

Many of us are working from home these days, using our laptops and attending Zoom meetings. Manufacturers do not have that option and instead rely on assembly lines that shut down. Consumers appear to have bumped into this problem with many modes of transport, be it a boat, a bicycle, a travel trailer or even autos.

Getting the supply chain back on track may take a while – next summer, at least. Of course, used boats are an option as well. Most of them seem to be sold by private parties or on consignment by boat yards.

It’s hard to say where prices will be next summer. One retailer said a popular line of triple-tube pontoon boats that cost around $55,000 last fall now runs closer to $70,000. Fishing boats start at $15,000 but the average price tag is nearer to $30,000. Ski boats start around $45,000. For pontoon boats, two-tube models are $30,000 and up, while three-tube models start around $45,000. That lone pontoon boat at Brightwell's? It’s 25 feet long, roomy enough for 14-15 people. They’ll be propelled around by a 200-horsepower motor, and enjoy a full windshield and an automatic Bimini top. The cost is $96,000. If that sounds interesting, don’t dawdle.

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Strands of Strength to be Held In Person May 19

BY STEVE DINNEN


As the pandemic slowly releases its grip on the nation, businesses are bouncing back. And charitable organizations are as well, with get this in-person fundraisers!

Case in point: Strands of Strength. At 11 a.m. on May 19, the doors at Glen Oaks Country Club will open for the group’s Spring Luncheon. Tickets for the event cost $300, which is right around what Strands of Strength pays for custom-made wigs that it buys for people undergoing cancer treatment.

“When you feel better about yourself, you feel better about what you’re doing” and perhaps your cancer-fighting battle, said Deb Pulver, the organization's founder. She knows, as she fought cancer 18 years ago.

Strands of Strength, strandsofstrength.com, spends pretty much all of its money on acquiring wigs that people get fitted for at local hair salons. Women are the primary recipients of the wigs, although Pulver said men sometimes will request a wig.

An eastern Iowa chapter of the group meets in Cedar Rapids in the fall for its own fundraiser.  

Ticketing deadline for the Glen Oaks event is fast approaching. You can secure one by reaching Pulver at deb@strandsofstrength.com.
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Dividend Growth Stocks Offer Many Benefits

BY ANDREW PACKER FOR KIPLINGER


The unprecedented pandemic of the past year upended financial markets – at least for a couple of months. But while the 2020 bear market was the shortest in history, it was long enough to cause lasting damage to income investors via reduced or outright suspended dividend payments.

However, this same environment acted as a proving ground for dividend growth stocks. Companies that were able to not just maintain their payouts, but announce dividend increases, across the pandemic demonstrated a high level of fiscal soundness that bodes well now that the world is starting to return to normal.

Generally speaking, dividend growth stocks offer investors a number of benefits. Unlike bonds that have a set fixed principal and interest payment, dividend growers can provide a higher baseline of income year after year. That cash can be used to reinvest in more shares, open other positions or just collected and spent.

And simply by virtue of being stocks, dividend growth picks typically have more potential than bonds for price appreciation. READ MORE

You May Have to Retire Earlier Than Planned

BY ANA LUCIA MURILLO FOR MONEY.COM

Most people don’t want to work their whole lives, but financial necessity leads many of us to plan on a late retirement.

A recent study from the Employee Benefit Research Institute, however, shows that the ability to work as long as you want might be more illusion than reality. The study found workers consistently retire earlier than they predicted. Additionally, people overestimate the likelihood that they will continue working in some capacity after they retire.


Knowing that is half the battle. It’s important not to count on the ability to work until age 65 or beyond to pad your savings. Here are three ways you can face an earlier-than-intended retirement with a plan in your pocket. READ MORE.
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