Category Archives: News

401(k) Or Roth IRA: Which Is Best?

Larry Light

The array of retirement accounts can be bewildering, especially for millennials just starting out. Two of the top choices are the workplace-oriented 401(k) and the Roth IRA. AdviceIQ Network member Mary Beth Storjohann, the founder of Workable Wealth in San Diego, sorts which might work best for you:

Most Gen Yers don’t know what types of retirement accounts to start with. I break down the pros and cons of two most popular ones – 401(k) and the Roth individual retirement account – to help you decide which is right for you.

This and more at The Independent Agent Network

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Colorado Pushes For Concealed Guns In K-12 Schools

Colorado educators take part in a concealed carry course in Englewood, Colo., on Nov. 8. The course is open to all state school employees. Participants who complete the training are eligible to apply for a permit to carry a handgun.

Patrick Neville was a 15-year-old sophomore at Columbine High School in 1999. He was on his way to a fast food lunch when the shooting started.

Two students, armed with guns and pipe bombs, had stormed the Colorado school, on their way to killing one teacher and 12 students — some were Neville’s friends.

Neville, now a Colorado state representative, says many of Columbine’s teachers and faculty acted heroically that day.

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From Potatoes To Salty Fries In School: Congress Tweaks Food Rules

When it comes to salty french fries or pizza served at lunch, schools may get more time to dial back sodium content, thanks to a provision in the federal spending bill headed for a vote on Capitol Hill.

The gargantuan budget bill that lawmakers on Capitol Hill are expected to vote on Thursday does more than dole out federal dollars to keep the government running.

It also tweaks federal nutrition rules.

For starters, the bill — aka, the 2015 Omnibus Appropriations Bill — includes a provision that will give school food directors more flexibility when it comes to adopting 100 percent whole grain items, such as pasta and biscuits, in school breakfast and lunch meals.

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New law requires California schools to stock epinephrine injectors for allergic children

A photograph of Natalie Giorgi rests at the State Capitol in April as her mother Joanne Giorgi came to support increased access to epinephrine auto-injectors in schools.

Cathy Owens was a nurse at Murrieta Valley High School in 1997 when she encountered a student in the throes of a severe allergic reaction, unable to breathe and fading fast. Owens called for an ambulance, but the teen was deteriorating too quickly. She made a split-second decision to use another student’s prescription epinephrine injector.

Her action was a breach of federal law, but a necessary one under the circumstances, she said. “That’s not a choice anyone should have to make, but I had to make it,” Owens said. “We didn’t want a child to die.”

San Juan trustees to discuss 4.5% employee pay hikes

Trustees are to vote Dec. 3 on the SJTA pact and agreements with the San Juan Professional Educators Coalition, San Juan Supervisors Association and California School Employees Association Unit 127. Overall, all but about 150 of San Juan’s nearly 5,000 employees would see the 4.5 percent raises.

Trustees in the San Juan Unified School District on Tuesday night are to discuss whether to grant teachers, supervisors and other employees salary hikes of 4.5 percent this fiscal year, pushing district salary costs $9.1 million higher through June 30.

Most of the increase – 3 percent – would be paid retroactively from July 1, according to district officials. The other 1.5 percent would take effect on Feb. 1.

Amid The Stereotypes, Some Facts About Millennials

Friends balance on pilings at the beach.

“Millennial” is the buzzword of the moment — with much of the national conversation focused on stereotypes and anecdotes. But are young adults today really all that different from those of previous generations?

A review of data shows that millennials do have characteristics that set them apart. Unlike their parents’ generation, millennials are ushering in an age when minorities will lead the U.S. population. Many of them aren’t too keen on marrying early. They are the most educated generation — but even so, a majority remains undereducated. And since they entered the workforce in the midst of a sluggish economy, many also remain underemployed.

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6 Pitfalls To Avoid When Picking Insurance On The Job

Man shopping with some very high-price options.

You don’t get a pass this year on big health insurance decisions because you’re not shopping in an Affordable Care Act marketplace. Employer medical plans — where most working-age folks get coverage — are changing too.

Rising costs, a looming tax on rich benefits packages and the idea that people should buy medical treatment the way they shop for cellphones have increased odds that workplace plans will be very different in 2015.

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From NPR News

Retirees Mike Shane (left) and William Davis protest near the federal courthouse in Detroit on July 3. Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday.

It used to be that if you were a public employee, you knew your pension benefits could not be touched.

That’s no longer the case.

Pensions have been under political attack in recent years, with some politicians arguing they can’t afford to fund generous retirements at the same time they’re cutting services. Numerous states and cities have trimmed the type of pension plans they’re offering employees — mostly new employees.

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New Sweetwater Superintendent Will Make $225,000

Sweetwater Interim Superintendent Tim Glover

The interim superintendent hired this month to head the Sweetwater Union High School District will make $225,000 a year under a contract the school board members are expected to ratify Thursday.

The board hired Tim Glover on July 2, and he started work on July 7 but without a contract. One was signed last Thursday and it shows he will make $27,000 less a year than his predecessor, Ed Brand. The contract runs through next March, or until the board picks a permanent superintendent.

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CalPERS has interim agreement in San Bernardino bankruptcy case

CalPERS and bankrupt San Bernardino have reached an “interim agreement” that could head off a major legal battle over bankruptcy debts and the ironclad status of public pensions, the city reported.

In a filing late Tuesday in U.S. Bankruptcy Court in Riverside, lawyers for the city said CalPERS and San Bernardino “reached an interim agreement regarding various items that will help form the basis for a plan of adjustment.”

The filing didn’t go into detail on the agreement.

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