FOR IMMEDIATE RELEASE: Michigan issuing March and April food assistance benefits early. MDHHS will be issuing food assistance benefits early in March and April. This is an effort to reduce the gap between benefits issuance, as February benefits were issued at the end of January due to the partial federal government shutdown. MDHHS has stated, “March benefits are scheduled to be issued on March 3, … Continue reading Early Food Assistance Benefits
Via CNBC By Maggie Fitzgerald Seniors lose an estimated $2.9 billion annually from financial exploitation, according to the Senate Special Committee on Aging. Impersonating the IRS was the No. 1 scam targeting seniors in 2018. More than 1,500 seniors across the country contacted the committee’s fraud hotline in 2018; however, Kansas Attorney General Derek Schmidt said in recent testimony that only 1 in every 24 … Continue reading (Mid-America Pension Rights Project): Scams cheat older Americans out of almost $3 billion a year.
Via Pensions&Investments By Margarida Correia Employees may leave their jobs but the money in their retirement plans can stay. That’s the thinking among a growing number of defined contribution plan sponsors, particularly those running large plans, recent studies from Alight Solutions and Callan LLC show. With baby boomers retiring, plan sponsors would rather not see their assets “walk out the door” as it could compromise their ability … Continue reading (Mid-America Pension Rights Project): More plans looking to hang on to assets of departing workers
By Denise Keiser, Fund Development Specialist at Elder Law of Michigan Every money goal needs a plan. For example, if your goal is to reduce financial stress in your life this year, having the right budget may be a simple solution. Even if you’re trying to pay off debt or save for a vacation, a budget is the planning tool you need to find success. … Continue reading Achieving Your Financial Goals: Part 2
By Vonda Vantil, Social Security Public Affairs Specialist The idea of applying for Social Security retirement benefits might seem daunting, but it’s not. There’s no need to visit an office. You don’t have to use the phone. We have an online retirement application that you can complete in as little as 15 minutes and from the comfort of your home or office. In most cases, … Continue reading Retire Online with Social Security Quickly and Easily
By Sheila Robison, Economic Security Team Member at Elder Law of Michigan. February has long been celebrated as a month of romance because of the ever-popular holiday, Valentine’s Day! It is the second most popular holiday for sending cards in the United States with Christmas being the first. Hallmark states there are approximately 145 million Valentine’s Day cards exchanged in February. It is easy to … Continue reading Love for All Ages
By Darling Garcia, Director of Community Services at Elder Law of Michigan The Earned Income Tax Credit (EITC) is a benefit for low to moderate income earners where the amount of tax owed is reduced and earners may receive an EITC refund. In a nutshell, to qualify for the EITC, individuals must earn income from working for someone or from self-employment and meet basic rules. There are … Continue reading Earned Income Tax Credit (EITC): Grandparents Caring for Grandchildren