Newly elected California State Treasurer Fiona Ma announced the upcoming sales of nine bond issues totaling approximately $6.34 billion. The sales begin the week of March 4th with $2.3 billion of general obligation bonds. “Significant portions of the general obligation bond sales will be to finance older debt at today’s …continue reading
California State Treasurer Fiona Ma announced the selection of Newton Investment Management North America Limited (Newton) to provide an environmental, social, and governance (ESG) investment option as part of the lineup for CalSavers. The selection was made during a monthly meeting of the board that governs CalSavers, chaired by Treasurer …continue reading
State Treasurer Fiona Ma, CPA and Assemblymember Rob Bonta (D – Alameda) announced that their Temporary Cannabis Tax Reduction bill is one step closer to becoming a reality as Assembly Bill 286 (AB 286) was introduced in the State Capitol. The bill would temporarily reduce California’s cannabis excise tax from …continue reading
The year ahead offers new opportunities and experiences. But as you make plans throughout 2019, be mindful of the things that can derail those plans – such as the natural disasters that affected so many families in 2018. Every area around the country is subject to natural disasters, whether they’re …continue reading
A bill that would offer a targeted tax incentive for those contributing to the state’s ScholarShare 529 Plan got a big boost with the introduction of Assembly Bill 211 (AB 211). ScholarShare 529 is a state-sponsored, tax-advantaged 529 college savings plan that helps families and individuals save and plan for …continue reading
The Legislative Analyst’s Office has just published the following report: The 2019-20 Budget: Overview of the Governor’s Budget This report presents our office’s initial assessment of the Governor’s Budget. The budget’s position continues to be positive. With $20.6 billion in discretionary resources available, the Governor’s budget proposal reflects a budget …continue reading
For many years, employees of companies that offered 401(k) plans only faced a couple of key decisions – how much to contribute and how to allocate their dollars among the various investment options in their plan. But in recent years, a third choice has emerged: the traditional versus Roth 401(k). …continue reading