| May 24, 2013
| 7:57 PM
WASHINGTON — Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the...
| May 17, 2013
| 7:25 PM
Dear Liz: A few years ago I finished paying off my debt and now am in the very low-risk credit category. I have savings equal to about three months' worth of bills and am working to get that to six months' worth. I'm wondering, though, about an...
| May 10, 2013
| 9:24 PM
Dear Liz: When I was 62, I started Social Security and I'm currently saving half of my monthly benefit after taxes (about $750). My decision to take my benefits early was influenced by a financial columnist who suggested that if I started at 62 and...
| May 11, 2013
| 8:21 PM
JOINT BASE LEWIS-McCHORD, WASH. — The court-martial of Army Sgt. John Russell concluded Saturday with a military judge asked to decide whether the 14-year Army veteran was deluded by depression and despair as he shot five fellow service members in...
| Apr 29, 2013
| 1:49 PM
Underfunded state pensions are a vexing problem that even the brightest minds at the Milken Institute Global Conference can’t solve.
State governments nationwide have fallen behind in saving for employee retirements. The average public pension...
| May 2, 2013
| 5:00 AM
The retirement plans of more and more Americans are about as connected to reality as Grimm’s Fairy Tales. Grim is exactly what it is going to be for these folks when, in their 70s, their 401(k)s have petered out, they have no pensions and no...
| Apr 23, 2013
| 7:15 PM
Washington's tug of war over the federal budget has many wonders, but the biggest one of all must be the lengths to which politicians and pundits will go to deprive Granny and Grandpa of $30 a month.
That's the amount by which benefits for the average...
| Nov 14, 2012
Last week, Proposition 30 sailed to victory, and $6-billion worth of nasty budget cuts were avoided.
Guess again, Goldilocks.
K-12 schools and community colleges, in particular, won a temporary reprieve, but they're still wobbly...
| Oct 13, 2012
| 5:59 PM
So last week, I wrote about a Palos Verdes businessman who serves on the local school board, where budget cuts have been so devastating he intends to vote for two state ballot propositions that would prevent more slashing, hoping one of them gets the...
| Oct 21, 2012
Just as I was preparing to defend public school teachers and their retirement benefits, I got a form letter last week from my employer's vice president for human resources.
Apparently he felt it was important to inform me that I had earned additional...
| Aug 28, 2012
| 2:14 PM
Gov. Jerry Brown unveiled what he called a “radical change” in the pension system for public employees, even though the plan fell short on some of the most significant goals of the governor’s original proposal. Speaking to reporters in...