CALIFORNIA | LOCAL
March 22, 2014 |
In the wake of some wide-ranging breaches in credit card data, Mastercard and Visa this month announced an initiative to increase payment security, including expanding chip technology in the U.S. “The recent high-profile breaches have served as a catalyst for much-needed collaboration between the retail and financial services industry on the issue of payment security,” Ryan McInerney, president of Visa Inc., said in a statement this month....
March 21, 2014 |
Lee is making some changes in his life. He wants to know what happens if he renounces his U.S. citizenship and becomes instead a citizen of the Philippines. Can he keep receiving Social Security checks? An intriguing scenario. Lee doesn't say why he wants to switch teams, but it could have something to do with taxes. A number of Americans jump ship each year because they're displeased with the U.S. tax system. ASK LAZ: Smart answers to consumer questions In any case, the Social Security Administration does have a status for ex-citizens who may be due monthly checks.
March 16, 2014 |
Dear Liz: I am 55 and my wife is 65. She only worked a few part-time jobs as she spent most of her working years raising our nine beautiful children. My question is, since she does not have enough credits to collect Social Security on her own work record, can she claim spousal benefits on my work history? If so, at what age and how will it affect my benefits? Answer: Your wife can receive spousal benefits based on your work record, but those checks can't start until you're old enough to qualify for benefits at age 62 (when she's 72)
February 20, 2014 |
WASHINGTON - Seeking to present a unified Democratic front in an election year, President Obama is backing away from a proposal to restrain spending on entitlement programs, focusing instead on economic priorities likely to please his party's base. Obama's next budget will not include a change that would have slowed cost-of-living increases for Social Security and other programs, the White House said Thursday. The proposal, which was included in last year's budget, was reviled by liberal Democrats but billed by Obama as a good-faith gesture intended to draw Republicans into deficit-reduction talks.
February 16, 2014 |
Dear Liz: Recently I've paid off almost $20,000 in credit card debt and am determined not to go down that path again. Because I haven't used these cards in a while, though, I'm starting to get notifications from the credit card companies that they're closing my accounts because of inactivity. I know having long-standing accounts on your credit report is a good thing, but I don't want to be tempted to use these cards just to keep the account open. Is it a bad thing if almost all of my credit card accounts get closed?
January 21, 2014 |
We've never met the man, so we're willing to stipulate that Sen. Tom Coburn (R- Okla.), a physician who recently announced his early retirement from the Senate, is a sweetheart to have at a dinner party. That's the bottom line on Coburn offered by Bloomberg columnist Margaret Carlson, who seems genuinely bereft at the thought of his leaving Washington. " He was the most ego-free, funny and sensible person you could meet," she wrote a few days ago. Coburn is evidently considered an engaging fellow in Washington facing serious medical problems, so you can count Carlson's piece as the harbinger of a flood of similar insider encomiums. Curiously, however, there's very little in Carlson's column about the reason that any of us outside Washington might care one whit about Coburn -- his positions on a host of important issues, or his tactics for making his positions stick.