retirement

THE RETIREMENT CONCIERGE: CHOOSING A DISTANT TRUSTEE

 

By Sharon Hamilton

December 18, 2015 (San Diego) -- Dear SharonAnn:  My wife and I set up our family trust several years ago. We have two grown children and named them as successor co-trustees should we be unable to act. Some friends of ours did the same thing with their three adult children. We know them and their situations. One son lives in Perth, one son lives in Shanghai and their daughter lives in BoraBora and they all come home to visit about once every three years. I read something about the details of being a trustee and I’ve been telling them it is a bad idea. In fact it may even be a bad idea for us even though ours live in Key West, Florida and Marshall, Arkansas. What do you suggest?  Signed Perplexed.

GOOD MONEY: TAX LOWERING INVESTMENT IDEAS FOR 2013

“Your guide to financial planning & socially responsible investing”

By Judith L. Seid, CFP ®, President, Blue Summit Wealth Management

April 11, 2013 (San Diego’s East County) --The “American Taxpayer Relief Act of 2012” has created a number of changes that may impact your taxes in 2013. Below are a few investment ideas that may help mitigate your tax liability and/or increase your net income for 2013.

Keep in mind that you should always consult with your tax professional for specific questions regarding your particular tax circumstances.

FINANCIAL WELLNESS CAN BE YOURS IN 2013

 

By Erika Lawrence

Social Security District Manager, El Cajon

February 9, 2013 (El Cajon)--January is Financial Wellness Month — a great time to think about your own financial future. It also happens to be at this time that many people make resolutions for the New Year. Why not combine the two and make your own financial wellness a resolution for 2013?

WHAT ARE AMERICA’S MOST POPULAR BABY NAMES?

 
By Jeannette Nunes
Social Security District Manager
 
August 11, 2012 (El Cajon) -- Each year, Social Security announces the top baby names for boys and girls, based on Social Security card applications for babies born in the previous year. If you have children or you’re friends or relatives with those who do, chances are you might know a few babies with the “in” names.

SOCIAL SECURITY GOES FOR THE GOLD

 
By Jeannette Nunes
Social Security District Manager
 
August 5, 2012 (El Cajon) -- Millions of Americans are following the 2012 Summer Olympic Games in London. The last time swimmer Michael Phelps competed, he brought home more gold medals at one time than anyone in the history of the Olympics. This week, he collected the 18th gold medal of his career.

READERS’ EDITORIAL: THE TRUTH ABOUT THE CITY’S “RETIREMENT” ISSUES

 

By Joseph Asciutto, El Cajon
 
“If the current City retirement system is allowed to change, and the politicians then rape the retirement fund (like they did to Social Security) the citizens of San Diego will be in for massive financial problems in the form of unfunded liabilities.”
 
 
May 7, 2012 (San Diego)--I am a retired San Diego City firefighter and have followed the City's "retirement problem" since its genesis in the early 2000's. Very little of what is currently being disseminated is factual, and hopefully this letter will enlighten you so that others can also learn from your knowledge.  

LABOR COUNCIL SAYS NO ON “A” “B” AND “D”

 
By Nadin Abbott
 
May 4, 2012 (La Mesa) Evan McLaughlin from the San Diego-Imperial Counties Labor Council, speaking Wednesday night at the La Mesa-Foothills Democratic Club, urged El Cajon residents to vote “no” on Prop D, the charter city proposal. He also asked San Diego residents to vote against Prop A and Prop B.

 

SENIOR FINANCIAL CARE AND HEALTH CARE SEMINAR ON JANUARY 31

 
January 23, 2012 (San Diego) – Assemblymember Marty Block is sponsoring a Senior Financial Care and Health Care seminar on Tuesday, January 31 from 9:30-11:30 a.m.  It will be held at The College Avenue Center at Beth Jacob Synagogue, 4855 College Avenue in San Diego.

 

SUSAN DAVIS HOLDING FORUM ON PROTECTING MEDICARE JULY 22

July 11, 2011 (San Diego) -- Congresswoman Susan Davis (D-San Diego) is coordinating an event July 22 regarding the future of Medicare and efforts to protect it for future generations.  Davis is encouraging constituents to attend this meeting which is free to the public.
 
What is Medicare? What does it mean for you? What is the future of Medicare?
 

WILL YOUR PENSION FUND HAVE ENOUGH MONEY WHEN YOU RETIRE? PENSION UNDER-FUNDING IS A “TICKING TIME BOMB” EXPERT WARNS

 

Calls for end to Wall Street fund managers speculating with retirees' money

 

"Don't let anyone tell you that the problems with public pensions are the results of groups of avaricious kindergarten teachers and DMV workers...The fault lies with Wall Street. They abused these funds--while pocketing billions to run them into the ditch." -- William Lerach

By Miriam Raftery
 

May 10, 2011 (La Mesa) – “What might we be able to do to avoid financial Armageddon?” asked William Lerach, who led prosecutions against some of America’s most powerful corporations including ENRON, recovering billions for defrauded shareholders. “Next year, 77 million baby boomers will hobble into retirement.”  He warned that corruption and mismanagement by Wall Street managers has led to public and private pension funds that are severely underfunded. He calls the situation a “ticking time bomb” -- and proposes a solution.

ARE U.S. PENSION FUNDS ABOUT TO FAIL? CORPRATE LEGAL EXPERT WILLIAM LERACH TO OUTLINE TROUBLING FORECAST MAY 4 IN LA MESA

May 2, 2011 (La Mesa) – William S. Lerach has spent his career heading up prosecutions of some of Wall Street’s biggest corporate crooks. He's recovered billions of dollars for defrauded shareholders from big banks, corporations, accounting firms and insurance companies. After his most notable success—recovering $7.2 billion for defrauded shareholders of Enron—he appeared in the Oscar-nominated documentary, “Enron, the Smartest Guys in the Room.”

A frequent commentator on economic matters as well as securities and corporate law, Lerach now makes a chilling prediction: that America’s public and private pension funds are poised to fail.  The new financial crisis will threaten the financial security of retirees due to the actions of Wall Street, he warns.