| Jan 28, 2011
Galen Dean of Yucaipa has worked on and off for Southern California Edison Co. for 29 years. As he puts it, he's done "pretty much everything except climb poles."
When he retires in four years he expects to get about $1,500 a month from his Edison...
| 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...
| Sep 30, 2012
Dear Liz: My former employer is offering the one-time opportunity to receive the value of my pension benefit as a lump-sum payment. The other option is to leave the money where it is and get a guaranteed monthly check from a single life annuity when I...
| Mar 29, 2013
| 8:22 PM
Dear Liz: Could you advise us on how to protect our 93-year-old mother's assets if she should become ill or die? She does not have a living will or a trust regarding her two properties.
Answer: "If" she should become ill or die? Your mother has been...
| Feb 19, 2013
| 3:32 PM
It's amazing, and depressing, when political compromise functions only to throw obstacles in the way of ideas that bring the greatest good to the greatest number of people.
Today's example: the long, tortuous road to bringing more retirement security to...
| Mar 1, 2013
| 8:06 PM
Dear Liz: I just turned 70. Must I draw now from my IRA? I still work full time. I heard from one investment company representative that since I work, there is an exemption that I may not have to start withdrawals. Is this true?
Answer: You can postpone...
| Jun 7, 2013
| 7:38 PM
Dear Liz: My husband and I have been putting 5% and 6%, respectively, into our 401(k) accounts to get our full company matches. We're also maxing out our Roth IRAs.
The CPA who does our taxes recommended that we put more money into our 401(k)s even if...
| Feb 3, 2013
Dear Liz: I'm 22 and a graduate student with only one year left before I enter the "real world." I have four credit cards — one store card, two Visa cards and one MasterCard — only one of which carries a balance. I want to make the best...
| Feb 2, 2013
| 7:14 AM
Ken Rakusin is frustrated.
You would be too.
Since 2009, the owner of Gordon Brush Manufacturing Co. has been trying to expand his 51,000-square-foot City of Commerce factory by 20,000 square feet. That would mean a larger factory floor, more office...
| Jun 5, 2013
Fear-mongers and other critics of Social Security were silenced — momentarily — by the release last week of the annual trustees' report for the programs. The report showed not only that it's looking pretty good in the near term, but in the...
| Jan 13, 2013
Dear Liz: Recently, someone from an insurance company proposed that I stop investing through my 401(k) at work and instead invest in his insurance company contract with after-tax dollars. He claims the funds would be guaranteed so that I would never...