| 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...
| Oct 28, 2012
Dear Liz: My husband and I took out more than $200,000 in federal parent PLUS loans to pay for our two daughters' college educations. My husband earned over $300,000 when the loans were made. Since then, he lost his job and now makes $100,000. I went back...
| May 27, 2012
WASHINGTON — It's a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: Although they may have significant financial assets tucked away in retirement accounts, their diminished monthly...
| Oct 14, 2012
Dear Liz: I have a friend who owes $30,000 in credit card debt. I suggested he see a financial advisor who can help him to get out of this situation, but he never finds the time to do it. He pays all his bills on time, but only the minimum required, and...
| 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...
| Nov 11, 2012
Dear Liz: I am increasingly annoyed by the entitlement attitude of today's students. Why should the taxpayers (me) pay to educate somebody else's children? I remember when there was no such thing as a student loan. If I wanted to go to college and didn'...
| Sep 26, 2012
The one thing about the National Football League on which almost everyone agrees is that it takes its job of providing first-rate entertainment very seriously.
That could be one explanation for the league's effort to supplement the pleasure of watching...
| Dec 1, 2012
| 9:00 AM
The question that normally comes to mind when someone claims to know the future is why he's out hustling rubes for pennies with his purported clairvoyance, instead of using it to make a fortune and retiring to the South Seas.
Of course, the answer is...
| Dec 9, 2012
Just as the devil's finest trick is persuading you that he doesn't exist (according to the poet Baudelaire), the best trick of big-money political donors may be persuading Americans that Citizens United doesn't matter.
Citizens United, of course, is the...
| Dec 9, 2012
Dear Liz: I'm about to marry an active-duty military man. We're in the process of marrying our finances, and I have several questions.
First, what is a good emergency fund for us? We run our household on his salary because I'm recently unemployed. I'...
| 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...