Category: Mid-America Pension Rights Project

Mid-America Pension Rights Project, Pension

(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?

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United States Pension Plan Benefit Statement
Mid-America Pension Rights Project, Money and Finances, Pension, senior independence

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

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Mid-America Pension Rights Project, Pension, Planning for the Future, 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

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Mid-America Pension Rights Project, Pension

(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

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Michigan, Mid-America Pension Rights Project, Pension, Planning for the Future, Retirement, seniors

(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

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Mid-America Pension Rights Project

(Mid-America Pension Rights Project): America’s Largest Musicians’ Union Announces Pension Cuts

Via WBOI By Jeff Lunden Trustees of the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) announced the evening of May 24 that they will apply to the U.S. Treasury for a reduction in member benefits, due to the AFM-EPF’s “critical and declining” status – meaning the fund is projected to run out of money in 20 years. The AFM represents 80,000 professionals in … Continue reading (Mid-America Pension Rights Project): America’s Largest Musicians’ Union Announces Pension Cuts

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Mid-America Pension Rights Project, Pension, Retirement, seniors

(Mid-America Pension Rights Project): Michigan can say ‘thank u, Ariana Grande’; Her hit ‘7 Rings’ boosts state pension funds

Via Lansing State Journal By Carol Thompson Michigan pensioners get a little boost every time Ariana Grande’s chart-topping song “7 Rings” hits the airwaves. That’s good news for the more than 530,000 people tied to the state’s pension programs, most of which are not fully funded. There isn’t a direct line between “7 Rings” to pensioners’ pockets, but it’s pretty close. Here’s the connection: In the song, Grande puts … Continue reading (Mid-America Pension Rights Project): Michigan can say ‘thank u, Ariana Grande’; Her hit ‘7 Rings’ boosts state pension funds

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Client story, Mid-America Pension Rights Project, Money and Finances, Pension, Retirement, seniors

(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 services. The Pension Project works to find answers and solutions to your pension-related problem.  Sometimes retirees are notified after retirement that the monthly … Continue reading (Mid-America Pension Rights Project): A Working-Class Program that Works to Solve Your Pension Problems

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Mid-America Pension Rights Project, Money and Finances, Planning for the Future, Retirement, seniors

(Mid-America Pension Rights Project): Trump Treasury Backtracks On Lump-Sum Pension Rules Meant To Protect Retirees

Via Forbes.com By Ashlea Ebeling The Treasury Department told off employers back in 2015: Lump-sum pension buyouts for retirees already in payout status are a no-no. In practice, employers stopped offering them, per Notice 2015-49, despite the fact that proposed and temporary rules never came out. Now, in a Trump-era twist, the Treasury Department has backtracked with Notice 2019-18, a retraction of intent to propose regulations on the topic: … Continue reading (Mid-America Pension Rights Project): Trump Treasury Backtracks On Lump-Sum Pension Rules Meant To Protect Retirees

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Mid-America Pension Rights Project, Money and Finances, Planning for the Future, Retirement, seniors

So, You’re Retired but Don’t Have Enough Money to Be Retired. Now What?

Via Barrons.com By Elizabeth White I never thought it would happen to me. All my life—working at the World Bank, getting my M.B.A. at Harvard Business School, starting my own retail company—I thought of retirement as golfing in Florida (not that I really wanted to). Even after my business failed—taking most of my savings with it—I bounced back. I reinvented myself as a consultant and … Continue reading So, You’re Retired but Don’t Have Enough Money to Be Retired. Now What?

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