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Lake Forest is a city in Orange County, California, United States. The population was 58,707 at the 2000 census.
The city was created in 1991. Residents voted to name the city Lake Forest, after two expensive master planned residential communities, denying the longer claim to the territory by the community of El Toro. Since being founded, it has expanded its limits to include the newer communities of Foothill Ranch and Portola Hills. The multiplicity of names often creates confusion: some people in the Portola Hills neighborhood, for example, can receive mail addressed to them at Portola Hills, Lake Forest, or Trabuco Canyon.
The City of Lake Forest hosts the headquarters for hard-drive maker Western Digital and telecommunications software developer Greenlight Wireless Corporation.
Lake Forest is also home to two county parks. Whiting Ranch in the eastern part of the city was the site of a famous Mountain Lion mauling in 2003 that captured the West Coast news media.
Heritage Hill historical park is home to some of the oldest buildings in the county including the Serrano Adobe, the old El Toro School House, and St. Georges Episcopal Church.
In 1994, Kathryn McCullough became the first African American mayor of any city in Orange County. She currently serves as a member of the City Council.
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 Retirement advice and news - CNNMoney.com
Why you should be buying stocks now - 15 hours ago
When new clients come to me, I ask them a few questions about risk. One is "What would you do if the value of your stocks fell by 50%?"
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When you are fearful about the safety of your money, you tend to be more vulnerable to unscrupulous salespeople posing as trustworthy advisers. So a recent crackdown on dubious retirement credentials couldn't have come at a better time.
Help for mounting 401(k) losses - 12 days ago
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Paul Heck owns EveryHome, A successful real estate brokerage in suburban Philadelphia. The 53-year-old never considered making a Roth IRA part of his retirement plan. While Heck understands the substantial tax advantages of a Roth, he makes too much money to qualify. Recently, however, he got a tip from his financial planner about an upcoming change in the tax law that will allow Heck - and many other business owners - to seize a back-door opportunity to open a Roth.
Your 401(k) match at stake - 11 days ago
As the faltering economy forces companies to cut back, employee perks are among the first things to go. And along with free coffee in the break room, the next thing your employer might axe is its contribution to your retirement savings plan. About 58% of companies in the U.S. offered employees a 401(k) match as of last year according to Watson Wyatt, a benefits consulting firm. But for cash strapped companies, reducing or eliminating the retirement contribution may be one way to cut back on costs during hard economic times. Frontier Airlines already announced that it was suspending its matching contributions to 401(k) plans earlier this year. Struggling automakers General Motors and Ford, as well as Dollar Thrifty Automotive Group and real estate firm Cushman & Wakefield also announced they would no longer be offering employer matches. |
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