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Twelve of California's 58 counties have implemented the provisions of Proposition 90, that allow inter-county transfers of Proposition 13 base-year property tax values for homeowners 55 or older.
April 27, 2014 | Liz Weston, Money Talk
Dear Liz: I got a big tax refund this year and am trying to figure out what to do with the money. Right now I have school loans with a 4% interest rate that I do not need to make a payment on until 2024 with my current payment plan, but the amount I owe is pretty hefty and I know it's going to compound more over time. I also have a very low-interest car loan (1.9%) that will be paid off in 31/2 years. I also could put that money in the market in hopes that it will grow. I should add I am 27 years old. Any advice?
February 3, 1985 | CLAIRE SPIEGEL and ROBERT WELKOS, Times Staff Writers
Whenever Samuel Benitez, who now lives in Portland, Ore., even thinks about his old job as a Los Angeles policeman, he says he starts coughing. And the closer he gets to Los Angeles, the worse the hacking gets. Benitez, 35, claims that the cough is caused by stress from working for the Los Angeles Police Department. Complaining that the cough disabled him, he recently won a lifetime tax-free disability pension of $1,480 a month, plus $51,390 in back benefits.
April 26, 2014 | By Sandy Banks
It's time to retire Donald Sterling. Let the real estate magnate and Clippers owner take his millions and buy a hockey team. Then he won't have to worry about black superstars showing up for games on his girlfriend's arm. That's what seemed to set him off in what is alleged to be a recorded argument with his girlfriend, who had posted a picture of herself with Magic Johnson on her Instagram account. “It bothers me a lot that you want to broadcast that you're associating with black people,” the man on the recording said.
In a move the government called a warning to disgruntled aerospace workers tempted to peddle U.S. defense secrets, a former Lockheed engineer was indicted Thursday on charges of attempted espionage for allegedly trying to sell secret plans concerning the Sea Shadow, a Navy stealth project. John Douglas Charlton, 62, allegedly tried to sell the plans concerning the ship and other projects to an FBI agent posing as an official of an unnamed Western European government, according to prosecutors.
January 8, 1986
Why this propaganda to keep working when one does not care to do so? After a certain age, one does feel that it is time to stop working. Those who choose to keep working after 55, good for them! But, there are those of us who feel full benefits, at age 55, are welcome. Personally, I have worked long enough, and I do prefer retirement now. However, it's been fixed so that I am unable to retire, as yet. Full retirement at age 55 should be a matter of choice. Who cares to work after 60?
February 10, 2011 | Eric Sondheimer
When Matt Cassel was 12, he was so secure and composed in front of a TV camera that he could have given an interview to Vin Scully without anyone realizing his age. He was fun-loving, goofy and seemed to greet everyone with a hug. His outgoing personality mesmerized friends and strangers alike. From the first day we met, when he was among the youngest members of the 1994 Northridge team that made it to the Little League World Series in Williamsport, Pa., to last year, when he showed up at a football camp at the Rose Bowl wearing a Chatsworth High baseball cap, I've never seen him display a hint of shyness.
October 11, 2012
Re "California is moving ahead with retirement plan idea," Business, Oct. 6 It seems that SB 1234, which sets up a state-managed retiree fund for private workers, will result in a new state bureaucracy that does not offer anything new. Most, if not all, of the people who would be eligible for this state-run retirement plan already qualify for the federal IRA investments. The administrative costs will also be higher than a basic index equity fund. If these low-wage earners are not making retirement investments now, what does the new program have that would change this?
December 28, 2006 | From the Associated Press
Two months after raising the possibility of retirement, Arizona Cardinals quarterback Kurt Warner on Wednesday said he would return in 2007. Although Warner left himself room to change his mind, it was his most definitive statement yet about his plans. In October, the 35-year-old Warner acknowledged he had begun considering retirement after losing the starting job to rookie Matt Leinart. But Warner, who has two years remaining on his contract, said he's looking forward to a 10th NFL season.
July 15, 2007
Percentage of households with 401(k) plans 20-29...39.1% 30-39...52.3% 40-49...50.5% 50-59...47.7% 60-69...32.9% 70-79...20.3% 80+...18.6% Overall...43.8% Percentage of households with pension plans 20-29...8.1% 30-39...14.1% 40-49...19.1% 50-59...26.5% 60-69...33.7% 70-79...35.2% 80+...34.9% Overall...21.5% -- Source: Claritas Inc., 2006 data
April 23, 2014 | By Sam Farmer
What looked like a routine NFL play wound up leaving a life-altering mark on former Jacksonville linebacker Russell Allen. Allen, 27, who was released by the Jaguars last week, is finished with football. He suffered a stroke on the field in a Week 15 game against Buffalo last season, something he recently revealed to Robert Klemko of . He was released after failing a physical. Allen developed a dime-sized dead spot on his cerebellum after a face-to-face collision in the first half with Bills center Eric Wood -- what seemed like a hard but typical hit. "It was strange because it was so routine," Allen told Klemko.
April 22, 2014 | By Ryan Faughnder
Nikki Rocco, the veteran head of domestic distribution at Universal Pictures, will retire at the end of this year, she said Tuesday.   Rocco, the first woman to become president of a major studio's distribution operations, has worked for the studio for nearly five decades. Rocco, 64, first joined Universal Pictures as a paid intern in 1967 while she was a high-school senior, after which she was hired to work in the company's New York office. She has been Universal's head of domestic distribution since 1996.  PHOTOS: 2013's highest-paid media executives "Nikki Rocco is an industry icon, and in the short time I've been with the company it's been clear why she is held in such high regard," said Universal Filmed Entertainment chairman Jeff Shell in a statement.
April 22, 2014 | By Emily Alpert Reyes
A top advisor to Los Angeles lawmakers announced Tuesday he plans to retire after decades working in city government. "This decision does not reflect any dissatisfaction with the city," Chief Legislative Analyst Gerry Miller wrote in a Tuesday letter to the City Council. "After nearly 30 years and much thought I have decided that it is time to move on to explore other interests and spend more time with my spouse and family. " In the letter, Miller expressed mixed emotions and said his last day would be Aug. 29. He did not immediately return a call Tuesday seeking additional comment.
April 19, 2014 | By Lance Pugmire
Saku Koivu saw his retiring teammate, friend and Finnish countryman Teemu Selanne skate around the arena bathed in cheers last week in the Ducks' final regular-season home game. Moved, of course, Koivu quickly set aside the moment that's so close to home. Because there are still games to win. Koivu, 39, could be just as close to retirement as Selanne, but the 18-year NHL veteran center hasn't officially announced his intentions. "Very private guy, very unselfish - been like that a long time," Koivu's linemate Andrew Cogliano said.
April 16, 2014 | By Jean Merl and Richard Simon
Campaign contributions are flowing briskly to candidates in some of California's hottest congressional races, including two of the most vocal proponents of getting money out of politics. Incumbents in races in the Sacramento area, Central Valley, Bay Area and Riverside and Ventura counties each have raised more than $1 million to fend off vigorous challengers. And in San Diego County, freshman Democratic Rep. Scott Peters and his main opponent, Republican Carl DeMaio, were nearly neck and neck, with Peters taking in nearly $1.8 million to DeMaio's almost $1.5 million.
April 15, 2014 | By Michael Muskal
Detroit, fighting its way through the largest public bankruptcy in U.S. history, has reached an agreement that preserves current pensions but cuts cost-of-living payments for retired police and firefighters. The agreement, announced Tuesday, is the first major compromise between the city and any of its retirees as Detroit and its creditors try to find a way to deal with an estimated $18 billion in long-term liabilities. The pact must be approved by the 6,000 members of the Retired Detroit Police and Fire Fighters Assn., whose leaders said they backed the negotiated agreement and by Judge Steven Rhodes, who is overseeing the bankruptcy case.
April 14, 2014 | Helene Elliott
Were those tears or drops of sweat rolling down Teemu Selanne's face Sunday as he skated around the Honda Center, absorbing and returning the crowd's love after the final regular-season game of his Hall of Fame career? If he wept, he wasn't alone. Selanne's love for Southern California was mutual from the day he joined the Ducks in February 1996, traded here by the financially strapped Winnipeg Jets. One sunny breakfast under palm trees, and he was home. "This is my kind of place," he recalled thinking.
April 10, 2014 | By Ryan Faughnder
Comedian Stephen Colbert will be the next host of "The Late Show. " CBS said Thursday that the "Colbert Report" star will take over hosting duties for the long-running late-night talk franchise when David Letterman retires in 2015. Colbert and the network have reached a five-year agreement, the broadcaster said.   BEST TV OF 2013 Lloyd | McNamara Letterman, who has hosted the show for 21 years, last week announced his retirement on the program.  CBS did not give any details on the creative direction of the show once Colbert takes over, nor did it say where the series will be produced.  "Stephen Colbert is one of the most inventive and respected forces on television," CBS Corp.
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