Roads2Retirement Act IV – CalSavers

The new CalSavers retirement plan came up during several of my recent conversations. What is this plan? I decided to head to the state capital in Sacramento for a sit down with California State Treasurer John Chiang to discuss the state of retirement savings in the United States and how California has chosen to address the issue. It’s an enlightening discussion and the statistics he cited really caught me off guard. So many Americans, not saving! More than I thought. How will the plan work? I also sat down with Executive Director Katie Selenski to share some of the details. Tomorrow, a quick stop in San Francisco and then off to Philadelphia.

PERSONAL FINANCE

• Charitable giving can be a struggle
• Tough retirement realities for baby boomers
• How will a couple’s retirement look when there’s a big age gap?
• Even Small Differences in Fees Matter for Retirement Accounts

401k 403b 457b NONQUALIFIED PLANS

• US Retirement System Still Ranks Low, But Slightly Improved
• Here’s how the 401(k) world will evolve over the next three years
• Why does President Trump tweet so much about your 401(k)?
• Panel discusses realities of thwarting DC cyberattacks
• Millennials have more money than you think — so expect ESG funds in your 401(k)
• 401(k) Rule Change Would Ease Small Companies’ Path to Joint Plans
• Fidelity Workers Want Jury Trial as Firm Fights 401(k) Fee Suit

PENSIONS

• ‘Frontline’ documentary investigates Kentucky’s ‘Pension Gamble’ and teacher protests ; PAAMCO Prisma Responds to Role in Kentucky Pension Crisis
• The Ticking Time Bomb of Public Pensions: What Happens to Retirees When the Money Runs Out?
• Not many troops are opting into the new retirement system
• Facing Elections, Aldermen Hope To Avoid Property Tax Increase For Pensions
• Don’t Count Pensions Out Yet, PBGC Chief Says
• San Francisco divests 5 fossil-fuel holdings

INTERNATIONAL

• NEST Insight to explore different retirement saving approaches for the self-employed workers
• DB transfers: Is your pension fund at risk of paying out too much?
• Savers rush to stuff pensions as Budget cuts loom

HEALTHCARE

• Blockchain Key to Enhancing Clinical Research, Patient Data Sharing
• Private equity pushes into healthcare: 8 latest deals

TECH & SOCIAL MEDIA

• How smartphone apps track users and share data
• Snapchat is no longer the most-used social app among teens
• Call of Duty Players Suspected of Swiping More Than $3 Million in Crypto
• Smart Wearables Market To Double By 2022: $27 Billion Industry Forecast

MARKETS

• It’s Too Late Now for Central Banks to Start Raising Rates
• US GDP Report Expected to Give Trump a Win Ahead of Midterms
• Yields fall as tumbling stocks prompt safety buying
• Oil Drops as Saudi Arabia Pledges Higher Output
• WTI Crude Oil and Natural Gas Forecast ; National Grid predicts lower utility bills this winter
• Global investors pull $1.1bn from Saudi Arabia over Khashoggi ‘murder’
• With the People’s Vote March, Brexit Goes Down the Rabbit Hole
• Here are the early signs China’s stock-market woes are starting to infect the rest of the world

ALTERNATIVE INVESTMENTS

• Alternative assets under management to reach $14 trillion by 2023, Preqin predicts
• ETFs extend their asset lead over hedge funds ; Private equity set to surpass hedge funds in assets
• Europe’s life insurers fall into the hands of private equity ; With record dry powder, private equity poised for Asia M&A boom
• Inside the Fast-Growing Smart Beta ETF Segment
• Real-Estate Debt Funds Amass Record War Chest