Maine, Colorado Enter Partnership in Offering Automatic Retirement Coverage | ASPPA
Colorado’s state-run retirement plan for private-sector workers whose employers don’t offer one, called Colorado Secure Savings, is joining forces with Maine’s state-run plan. Under the partnership, the two plans will operate separately but the same vendor will serve as administrator for both.
Huge Decline in Spending on Medicare Begs the Question: Why? | Fierce Healthcare
For years, federal spending on Medicare had been on a steep upward climb, but recent data show spending per beneficiary has been more or less flat for the past decade. While the reasons for the change in spending aren’t entirely clear, experts say it could be a combination of various factors, including policy changes and better health in older populations.
Stock Market Drives U.S. Households to Record Wealth | Reuters
While recent headlines have highlighted decreases in Americans’ savings account balances and increases in debt, it’s not all bad news. According to the latest Federal Reserve data, overall household wealth (net worth) reached a new high in the second quarter, driven largely by the stock market and real estate.
Three Overlooked Benefits of Estate Planning | Kiplinger
Many people put off estate planning until later in life — and some don’t even think about it before it’s too late. But it’s an important task that can have many valuable benefits, including some while you’re still around.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.
A few years ago your directors basically disabled the most important part of the pension, COLA. We have just gone through record years of inflation, which makes our allowance worth less and less. It was horribly unfair to force the retirees to suffer. COLA for PERA for the last 3 years totaled 3.25%. Social Security’s COLA was 16.20%! Shameful.