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San Diego County and SEIU clash in contract talks
Headline: San Diego County and its biggest union clash in contract talks
Publication: UT San Diego
Article Date: Mar 9, 2017
“Negotiations between San Diego County government and its largest labor union have hit a major snag because of a disagreement over who and how many people can be at the bargaining table, a disruption that could possibly impact thousands of employees.” Read article…
Across Party Lines, Americans Worried About Retirement
Headline: Across Party Lines, Americans Worried About Retirement
Publication: National Institute on Retirement Security
Article Date: Feb 28, 2017
A research report just released by the National Institute on Retirement Security found that 88 percent of Americans believe our nation faces a retirement crisis and 77 percent of Americans agree that the disappearance of pensions is killing the American dream. Read article…
Public pensions are in better shape than you think
Headline: Public pensions are in better shape than you think
Publication: The Week
Article Date: Feb 27, 2017
Interesting article on the concept of “unfunded liabilities.” The author does a good job of providing a background on funding levels in Public Pension plans and points to a recently released paper which highlights the crisis in public pensions is to a large degree the result of terrible accounting practices. Read article…
Tony Robbins: Hidden 401(k) fees can destroy your retirement dreams
Headline: Hidden 401(k) fees can destroy your retirement dreams
Publication: CNBC
Article Date: Feb 14, 2017
Tony Robbins, partner and board member of America’s Best 401k, provides a commentary on what investors may not know or understand about hidden fees in their retirement plans. Read article…
House Votes to Block Rule Expanding State-Run Savings Programs
Headline: House votes to block California’s new retirement-savings program
Publication: San Jose Mercury News
Article Date: Feb 15, 2017
The House of Representatives advanced two bills to overturn federal rules that would make it simpler for states to start IRAs for private-sector workers without a 401(k). Following passage in the House on Wednesday, the bills go to the Senate. Read article…