Retirement Assets in State Automated Savings Programs Hit $1 Billion | The Pew Charitable Trusts

Automated retirement savings programs, such as Colorado SecureSavings, have amassed more than $1 billion in total assets since states started launching the plans just a few years ago. The programs aim to help private-sector workers who don’t have access to a retirement plan at work, and so far have automatically enrolled more than 800,000 workers.

Medicare Adding New Types of Mental Health Providers on Jan. 1, 2024 | Axios

As of Jan. 1, Medicare covers marriage and family therapists and mental health counselors in addition to the psychologists, psychiatrists and other providers who had previously been covered. It’s the first expansion of Medicare’s coverage for mental health providers since the late 1980s.

Services For Older Coloradans Are Shrinking as COVID Aid Ends | The Colorado Sun

Local agencies that provide meals, rides, and other services to aging Coloradans are asking policymakers for more money as COVID funds run out and the demand for services grows. Officials say there’s not enough funding to serve everyone in need, and some agencies now have thousands of people on waitlists.

Longevity Literacy Is Key to Retirement Readiness | Next Avenue

How well do you know your life expectancy? Experts say longevity risk — the possibility of living longer than expected and running out of money — is one of the biggest risks retirees without access to a lifetime benefit like PERA face, and too many people underestimate how long they’ll live. By boosting their longevity literacy, workers can enter retirement feeling much more confident and prepared, researchers say.

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