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BUSINESS
January 19, 2014 | Liz Weston, Money Talk
Dear Liz: I often hear financial planners say you should save 10% of your income, but they don't go into exactly what that means. Is that 10% separate from retirement or including retirement? Does that include saving for your emergency fund? Is this just archaic advice now? I'm 46 with only $40,000 saved for retirement so I'm in the panic mode that I will never be able to save enough for retirement. Answer: Saving 10% for retirement is often considered a minimum for those who start saving in their 20s. The older you are when you begin, the more you'd need to save to match the nest egg you would have accumulated with an earlier start.
ARTICLES BY DATE
CALIFORNIA | LOCAL
April 10, 2014 | By David Colker
Lucia Eames was a designer in her own right, but for the last 25 years she worked to preserve the legacy of one of the most celebrated design teams of the modern era: her father, Charles Eames, and stepmother, Ray Eames. In particular, Lucia Eames ensured that their famed Pacific Palisades house - considered one of the pinnacles of modern residential design - remained as a monument not only to the couple's sense of architecture and design, but also to the way they approached their work.
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BUSINESS
June 27, 2009 | Tom Petruno
The government's measure of Americans' savings rate soared in May to the highest level in 15 years, but the number isn't quite what it seems. The Commerce Department measures total personal income, then deducts personal spending to arrive at what was saved. That isn't a very reliable way to determine whether or how much people actually are saving, because a single month's data can be skewed by unusual items.
NATIONAL
April 9, 2014 | By Maria L. La Ganga
SEATTLE - A broken leg. A shattered ankle. A broken arm. A fractured eye socket. And a memory of terror that will be with her forever, its soundtrack an "unexplainable" noise "that will never get out of my head. " That is what Amanda Skorjanc, 25, remembers after the March 22 Oso landslide that destroyed her home, almost wiped her little town off the map and nearly killed her infant son, Duke Suddarth, who was 22 weeks old when the disaster struck. At least 36 people were killed and 10 others remain missing.
BUSINESS
January 31, 2012 | By Walter Hamilton
More than three in 10 people in California don't have enough savings to get by for three months if they were to lose their job, according to a study released Tuesday. More than two years after the official end of the recession, 30.9% of Californians have little to no financial cushion, according to the report by the nonprofit Corp. for Enterprise Development. If illiquid assets -- things that can't quickly or easily be converted into cash, such as a home -- are excluded from the equation, the number rises to an even more troubling 43.1%.
BUSINESS
July 9, 2009 | Gail MarksJarvis
Millions of Americans aren't saving enough for retirement, but African American and Latino investors, on average, are further behind than whites and are more likely to be a greater burden to their families because they save too little and invest too conservatively, new research has found. "It's extraordinarily disconcerting," said Mellody Hobson, president of Ariel Investments, which along with benefits firm Hewitt Associates conducted a study of 401(k) participants.
BUSINESS
March 7, 2010 | By Lew Sichelman
There are dozens of ways to make your housing investment pay off faster and at a greater return. In some cases, a small extra outlay may be required, sometimes every month, but the added expense is often pocket change when compared to the available savings. If you double up on the principal portion of your house payment every month, for example, you can cut 15 years off your 30-year mortgage and save half the interest you would otherwise have paid. Your mortgage is typically your largest monthly expense.
NEWS
April 5, 2012 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
Spring might be a good time to visit Hotel Victor in Miami's South Beach. The oceanfront Art Deco hotel that opened in 1936 and was refurbished in 2004 has a special that saves on room rates and offers a few extras too. The deal: The Spring Package at Hotel Victor, now operated by Thompson Hotels, comes with discounted room prices, two cocktails, a 15% discount on spa services and free Wi-Fi. Use the code "SPRING" when making a reservation. When: The deal is good for stays through June 30, subject to availability.
NEWS
February 8, 2012 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
Winter always gets me thinking about going to theme parks in Southern California, even if I don't have visitors underfoot. The prospect of cooler temperatures and lighter crowds in February and March sends me looking for discounts on the high cost of tickets. I found that the Southern California CityPass -- with a flat rate for admission to Disneyland, Disney California Adventure, Universal Studios Hollywood and SeaWorld San Diego -- offers good savings, even when compared with incentives for SoCal residents.
TRAVEL
January 12, 2014 | By Jen Leo
A social travel site that rewards followers of popular itineraries with savings. Name: CarryOn.com What it does: Features deals with escalating savings, meaning that the more people who follow a trip, the more savings CarryOn delivers. Members (free to join) choose between following an existing deal or creating their own. As more people follow the same deal, the price starts to drop. The site claims members can save up to 40%. What's hot: The site is attractive, and the deals are inviting, with large photos.
SPORTS
April 9, 2014 | By Lance Pugmire
The Ducks believe their second consecutive Pacific Division title is different from last year's, which was soured by a first-round playoff exit. That difference is added grit. Fittingly, on the night Anaheim clinched the division title Wednesday with a 5-2 victory over the San Jose Sharks at a sold-out Honda Center, the game's star embodies the trait. BOX SCORE: Ducks 5, Sharks 2 Rugged forward Patrick Maroon scored two second-period goals to propel Anaheim, and rookie goalie John Gibson made 36 saves to follow a shutout win in his debut with a division clincher two days later.
SPORTS
April 7, 2014 | By Lance Pugmire
VANCOUVER, Canada - It was a bold stroke by Ducks Coach Bruce Boudreau, putting 20-year-old John Gibson in goal for his NHL debut Monday night with a division title in the balance. Sixty complete minutes of hockey later by Gibson and his teammates, Boudreau's move looked like his most brilliant of the season as the Ducks defeated the Vancouver Canucks, 3-0, at Rogers Arena. Gibson, with 18 saves, became the youngest goalie since Daren Puppa 29 years ago to post a shutout in his NHL debut, as a Ducks' defense Boudreau referred to as "spotty" during Monday's morning skate rose up to protect the youngster with 22 blocked shots.
NATIONAL
April 7, 2014 | By Molly Hennessy-Fiske
FT. HOOD, Texas - As soon as Suzy Sanders got word of the shooting at Ft. Hood on Wednesday, she began frantically texting her 21-year-old stepson, a soldier stationed at the Army post. His first chilling reply landed more than an hour later, at 5:22 p.m. "It happened right in front of me Suz," Pvt. Jacob "Jake" Sanders texted. "I watched my sergeant die. I tried to revive him. I'm fine. I love you. " Jake Sanders, a former varsity basketball player from a small town in Indiana, has a brown crew cut, square jaw and wide smile.
TRAVEL
April 6, 2014 | By Jen Leo
Here's the latest trip-planning website that can help you craft your own guidebook. Name: http://www.BonVoyaging.com What it does: It's a Web bookmarking tool that lets you collect and store your travel itineraries, complete with maps and the ability to download and share. Cost: Free What's hot: This website has two things that will keep me coming back: its beautiful, design-friendly layout, and the ability to print out a PDF of my itinerary. I love being able to access my travel plans from my smartphone or tablet, as well as sharing with my friends on Facebook, Twitter and Pinterest, but I'm still a paper girl at heart.
BUSINESS
April 5, 2014 | Liz Weston, Money Talk
Dear Liz: I am in a new relationship with a great woman. I've talked a little bit about money and retirement with her (she's 30). I am trying to let her know that it would be wise to contribute at least enough to her company's retirement program to get the full match. What are some books or articles that would show her the importance of saving for retirement? I like her, but this can be a deal breaker for me. What is the best way to introduce her to personal finances without scaring her?
OPINION
April 3, 2014 | By The Times editorial board
It was well known for many years that Japan's "scientific whaling" program was a sham, designed to get around the international moratorium on hunting whales. Almost no research on the animals came from Japanese scientists; instead, whale meat kept showing up in restaurants and school lunches. Finally, Australia, a whaling country until 1978 and now an avid opponent, called Japan's bluff over the hundreds of whales it killed each year in the Southern Ocean Whale Sanctuary surrounding Antarctica.
OPINION
January 22, 1989
I would hope the government agency that grants permission for the operation of a savings and loan has a list of all the inept bank officials (bank presidents, loan officers, etc.) of the failed savings and loans. Any name on the list would not be permitted to work in a savings and loan again. Oh, that sounds a little tough. Why don't we require all the savings and loan officials to carry private malpractice insurance. What a savings that would be to the taxpayers! ANDREAS G. KOSTELAS San Pedro
SPORTS
July 15, 2013 | By Eric Pincus
It didn't take long for Metta World Peace to find a new home.  On Monday, World Peace agreed to join the New York Knicks on a two-year deal worth $3.3 million. The veteran forward specifically will make $1,591,650 for the coming season. The Lakers cut World Peace on Thursday, using their one-time amnesty to remove his contract from the team's salary cap and luxury tax computation -- saving the team about $15 million. By the complex rules of the NBA's collective bargaining agreement, World Peace signing with the Knicks will reduce the amount the Lakers still owe ($7,727,280)
OPINION
April 2, 2014
Re "Bickering over Medicare ," Editorial, March 27 Your assertion that the Medicare sustainable growth rate, or SGR, represents only "paper savings" is not supported by the actual history of the SGR and "doc fixes" enacted by Congress. Though it is true that most SGR cuts have not gone into effect as scheduled, the SGR has actually done a great deal to control healthcare costs by keeping physician payment updates modest and pushing policymakers to offset the cost of avoiding cuts.
OPINION
April 2, 2014 | By David C. Williams
Drive through the dilapidated main strip in Terry, Miss., and it's easy to see that the town of 1,063 is a hardscrabble place. And last month, life there got harder when the last bank branch in town closed, leaving in the lurch residents who have long depended on it as a convenient place to manage their money. The same thing is happening in countless other small towns and inner-city neighborhoods across the country, which have been left behind as banks adjust to new financial realities by shuttering branches by the thousands.
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