(Mid-America Pension Rights Project): Genetic testing scam preys on seniors’ cancer fears and may be costing taxpayers millions

Via CBS News The trouble began for Ken and Judy Johnson – a pair of retirees from Austin, Texas – at a Fort Lauderdale arts festival. “There was a couple of people in there saying ‘come get your DNA tested,’” Judy recalled. The company, Genexe Health, billed itself as a genetic testing “one-stop shop.” With a quick cheek swab, the Johnson’s could learn if they … Continue reading (Mid-America Pension Rights Project): Genetic testing scam preys on seniors’ cancer fears and may be costing taxpayers millions

(Mid-America Pension Rights Project): Proposed Hardship Distribution Regulations Mean Changes for 401(k) and 403(b) Plan Sponsors

Via JD Supra By Samantha Kopacz and Samuel Parks Employer-sponsors of certain retirement plans have work to do prior to the end of 2019. Sponsors of Internal Revenue Code (“Code”) section 401(k) and 403(b) plans must analyze their plan documents and associated administrative procedures in order to ensure compliance with newly issued guidance related to hardship distributions. On November 18, 2018, the Internal Revenue Service … Continue reading (Mid-America Pension Rights Project): Proposed Hardship Distribution Regulations Mean Changes for 401(k) and 403(b) Plan Sponsors

(Mid-America Pension Rights Project): Coal Miners Back in Washington Fighting for Benefits

Via Western Kentucky University By Becca Schimmel United Mine Workers and supporters were on Capitol Hill Wednesday in an effort to shore up their pension and health benefits. More than 43,000 coal miners in Kentucky, Ohio and West Virginia are growing anxious about losing their retirement benefits. The coal miner’s union says its pension fund will be insolvent in three years if Congress doesn’t take action. If … Continue reading (Mid-America Pension Rights Project): Coal Miners Back in Washington Fighting for Benefits

Dollar bills

(Mid-America Pension Rights Project): A Working-Class Program that Works to Solve Your Pension Problems

Sandra Wisnewski, Director of the Mid-America Pension Rights Project at Elder Law of Michigan The Mid-America Pension Rights Project (MAPRP) assists clients with pension and 401(k) issues. There are no age or income restrictions. And there is never a charge for the services. The Pension Project works to find answers and solutions to your pension-related problem. Just ask Ms. P. Ms. P had been divorced … Continue reading (Mid-America Pension Rights Project): A Working-Class Program that Works to Solve Your Pension Problems

(Mid-America Pension Rights Project ): A Working-Class Program that Works to Solve Your Pension Problems

By Sandra Wisnewski, Director of the Mid-America Pension Rights Project at Elder Law of Michigan The Mid-America Pension Rights Project (MAPRP) assists clients with pension and 401(k) issues. There are no age or income restrictions and there is never a charge for the services. The Pension Project works to find answers and solutions to your pension-related problem. Just ask Ms. Q. Ms. Q. worked for … Continue reading (Mid-America Pension Rights Project ): A Working-Class Program that Works to Solve Your Pension Problems

(Mid-America Pension Rights Project): Lump Sum vs. Annuity: Which Should You Take?

Via Smart Asset By Sarah Fisher If you’re lucky enough to win the lottery or have a pension plan, you may need to decide whether you want to take your earnings in a lump sum or an annuity. And if your goal is to maximize your earnings, you may want to take into consideration your projected lifespan, inflation rates, and your own spending and investing habits. We … Continue reading (Mid-America Pension Rights Project): Lump Sum vs. Annuity: Which Should You Take?

United States Pension Plan Benefit Statement

Mid-America Pension Rights Project: Tips on How to Protect Your Retirement

By Christine Steinmetz, Pension Attorney at the Mid-America Pension Rights Project at Elder Law of Michigan You work hard for your money. You save and expect your retirement to go smoothly. However, many people retire and cannot find their pension or 401(k). This is because the company you worked for closed or was sold. If the company is still in business, then you may be … Continue reading Mid-America Pension Rights Project: Tips on How to Protect Your Retirement

(Mid-America Pension Rights Project): Worker Pension Plan Lawsuits Draw Review From U.S. Supreme Court

Via Bloomberg By Greg Stohr The U.S. Supreme Court agreed to consider giving workers who participate in pension plans more ability to sue when they believe the money is being mismanaged. The justices will hear arguments in their next term from retired U.S. Bancorp employees who say their plan lost more than $1 billion during the 2008 market crash because the company invested all the plan’s assets … Continue reading (Mid-America Pension Rights Project): Worker Pension Plan Lawsuits Draw Review From U.S. Supreme Court

(Mid-America Pension Rights Project): Buying Your Dream Retirement Home – Think Before You Leap

Via Kiplinger By Lisa Brown It happens every summer: Clients return from a spectacular vacation and tell me they’ve found their dream retirement home. Many people nearing retirement have long envisioned buying or building a home on the ocean or with scenic mountain views. While some have visited their idyllic spot over several years and mapped out a plan, others become enamored after only a … Continue reading (Mid-America Pension Rights Project): Buying Your Dream Retirement Home – Think Before You Leap

(Mid-America Pension Rights Project) Michigan Sheet Metal Workers Pension Applies for Benefits Cuts

Via AI-CIO By Michael Katz The trustees of the Sheet Metal Workers Pension Fund of Troy, Michigan, have reapplied for approval from the US Department of Treasury of a proposed suspension of benefits. The fund’s actuaries have estimated that as of May 1, 2019, the pension is only 40.6% funded, and is projected to become insolvent in the plan year beginning May 1, 2033. According … Continue reading (Mid-America Pension Rights Project) Michigan Sheet Metal Workers Pension Applies for Benefits Cuts