Hale Nazari, an actress who currently lives in Los Angeles

Saving for retirement in California is hard enough but L.A. folks have it even harder. According to the Pew Charitable Trust, three out of four workers here in the Southland don’t have access to a workplace retirement plan whether it be 401(K) plan, profit sharing, pensions or other similar retirement accounts. This puts Los Angeles among the least retirement plan-friendly cities in the country. PS, this also means many in Los Angeles are paying more income taxes than they should be, partly because of the loss of the valuable retirement plan contributions tax deduction.

March 21, 2023 | 9:39 pm