Bad news: Your 401(k) won’t give you a decent retirement

Via Los Angeles Times By Michael Hiltzik For nearly 40 years now, we’ve been hearing that 401(k) plans are the key to a comfortable retirement. By giving a tax break to workers contributing part of their paychecks to their retirement nest eggs, the plans were designed to supplement Social Security benefits and employer pensions. Read the full article. Continue reading Bad news: Your 401(k) won’t give you a decent retirement

10-key pad calculator

Wait, Where Did My 401(k) Account Go?

Via NBC News By Martha C. White American workers could be losing a collective $2 trillion in lost retirement savings — simply by not rolling over their 401(k) savings accounts when they change jobs. A practice referred to as “forced transfers” or “forced rollovers” is the reason for much of these losses, according to the Employee Benefit Research Institute. Read the full article. Continue reading Wait, Where Did My 401(k) Account Go?

Pension fund board votes to cut retirees’ benefits

Via The Associated Press COLUMBUS, OHIO  Ohio’s largest pension system has voted to cut benefits for retirees. The Columbus Dispatch reports the Ohio Public Employees Retirement System voted Wednesday on the plan that would affect all of its more than 1 million members, current retirees and future ones. Read the full article. Continue reading Pension fund board votes to cut retirees’ benefits

A woman with short gray hair sits in a livingroom.

How May We Help You?

By Vonda VanTil, Social Security Public Affairs Specialist Social Security has a toolbox full of resources on its website, http://www.socialsecurity.gov, to help you with your financial planning. With so many resources, maybe it’s easier if we highlight one of our “best.” B.E.S.T. is the Benefit Eligibility Screening Tool, available at https://ssabest.benefits.gov. It can help you find out if you might be eligible for retirement, disability, … Continue reading How May We Help You?

Four leaves in a line, red, yellow, and green.

Seniors and Domestic Violence

By Kathryn Larlee, J.D. October can be so beautiful. Leaves in full color, warm sweaters, delicious soups, apples and pumpkin spice in almost everything. For some, however, there is little to celebrate. Some folks are hurting or struggling with abuse. October is Domestic Violence Awareness Month and a purple ribbon designates domestic violence awareness. Seniors face unique challenges when domestic violence happens to them. If an older person experiences abuse … Continue reading Seniors and Domestic Violence

Black and white photo of a multi-story apartment building.

Sale of an Occupied Rental Property

By Julia Miller, Legal Intern Renting can be a great alternative to buying your home, especially for those who move a lot, students, people who cannot afford or cannot get loans to buy a home, or for seniors who may not be sure how long they will be able to live independently. While renting a property can offer a degree of flexibility, there are always … Continue reading Sale of an Occupied Rental Property

Julia Miller

Welcome Julia!

Julia Miller is an undergraduate intern. She started her senior year at Michigan State University and is set to graduate in the spring of 2018. Despite starting her college career with the intention of pursuing a degree in Neuroscience and becoming a Pediatric Neurologist, Julia quickly realized that medicine, and more specifically chemistry, was not her true passion. Knowing that she wanted to spend her … Continue reading Welcome Julia!