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.

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News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.