Following an increase in the California state minimum wage (with another coming in 2016), Los Angeles mayor Eric Garcetti has proposed raising the City's minimum wage by steps to $13.25 by 2017. San Francisco already has, and San Diego recently passed, a minimum wage ordinance that exceeds that required by California (which in turn exceeds the U.S. federal minimum). Employers must pay the highest of the wage rates where their employees work.
Garcetti / Los Angeles, latimes.com 9/12/2014
San Diego, cnn.com, 8/18/2014
Tuesday, September 23, 2014
Tuesday, September 9, 2014
How Not to Leave an Inheritance to a Child
A good example of why it's often not a good idea to leave an inheritance outright to a young child, and better to instead consider an ongoing trust, staggered and/or contingent distribution schedule, or simply a greater age than 18, 21, or 25 for outright distribution:
From Trust Fund Kid to Average Joe: What Blowing a $250K Inheritance Taught Me, as told to Marianne Hayes, LearnVest.com, September 9, 2014.
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