Category: Money and Finances

Elder Law of Michigan, Money and Finances, Retirement, Social Security

Social Security benefits increase in 2020

By Vonda Vantil, Social Security Public Affairs Specialist Each year, we announce the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Usually, there is an increase in the benefit amount people will receive each month, starting the following January. Nearly … Continue reading Social Security benefits increase in 2020

elderlawofmi
Elder Law of Michigan, Money and Finances, Planning for the Future, Retirement, senior independence, Tips

Older Adults Are Outliving Their Retirement Savings: How I Helped My 89-Year Old Grandmother Bridge the Gap

By Denise Keiser, Fund Development Specialist at Elder Law of Michigan Recently, I sat down with my grandmother who is in her 80’s to help prepare her monthly bills and discovered some startling news about her retirement savings – it’s gone! She, like many seniors her age, has outlived her nest egg. Surprisingly, she never thought she would live this long, and thus, ever run … Continue reading Older Adults Are Outliving Their Retirement Savings: How I Helped My 89-Year Old Grandmother Bridge the Gap

elderlawofmi
Elder Law of Michigan, Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement

(Mid-America Pension Rights Project): 401(k) participants sue AutoZone over alleged ERISA breaches

Via Pensions&Investments By James Comtois Participants in a $549 million 401(k) plan sponsored by AutoZone Inc. have filed a class-action lawsuit against the company for violating ERISA. The suit, filed Wednesday in U.S. District Court in Memphis, alleges that AutoZone breached its fiduciary duties by approving, maintaining and recommending an asset allocation service called “GoalMaker” provided by Prudential Insurance Co. of America, which the participants … Continue reading (Mid-America Pension Rights Project): 401(k) participants sue AutoZone over alleged ERISA breaches

elderlawofmi
Elder Law of Michigan, Money and Finances, Social Security, veterans

Social Security helps veterans and active duty military members

By Vonda Van Til, Social Security Public Affairs Specialist Every year on Veterans Day, our nation honors the people who risk their lives to protect our country. Social Security’s disability program is an important part of our obligation to wounded warriors and their families. For military members who return home with injuries, Social Security is a resource they can turn to. If you know any … Continue reading Social Security helps veterans and active duty military members

elderlawofmi
Elder Law of Michigan, Money and Finances, Planning for the Future, Social Security, Technology

Free up our time by using my Social Security

By Vonda Vantil, Social Security Public Affairs Specialist Time is one of our most valuable commodities. That’s why at Social Security, we are constantly improving our online resources to make doing business with us easier and faster. With a my Social Security account, those receiving benefits can change their address and direct deposit information; get proof of their benefits; and request replacement documents, like a … Continue reading Free up our time by using my Social Security

elderlawofmi
Elder Law of Michigan, Mid-America Pension Rights Project, Money and Finances, Retirement

(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. X. Ms. X worked for an … Continue reading (Mid-America Pension Rights Project): A Working-Class Program that Works to Solve Your Pension Problems

elderlawofmi
Elder Law of Michigan, FYI, Money and Finances, Nutrition, Senior hunger

Whitmer’s welfare agency delays aid change to comply with state law

Via The Detroit News By Craig Mauger Gov. Gretchen Whitmer’s administration is delaying a policy change that could allow more Michigan residents to receive food and cash assistance. The one-month delay is required to comply with state law, the Michigan Department of Health and Human Services said in a Friday statement. The increased limits will now take effect on Dec. 1. At an Oct. 17 … Continue reading Whitmer’s welfare agency delays aid change to comply with state law

elderlawofmi
Quarter, penny, and other coins.
Elder Law of Michigan, Mid-America Pension Rights Project, Money and Finances, Pension

(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. Z. Ms. Z worked for a company for many years. It had been so long ago … Continue reading (Mid-America Pension Rights Project): A Working-Class Program that Works to Solve Your Pension Problems

elderlawofmi
Elder Law of Michigan, Money and Finances, Planning for the Future, seniors, Social Security

Understanding Social Security Spouse’s Benefits

By Vonda Vantil, Social Security Public Affairs Specialist Marriage is a tradition that exists on every continent and in nearly every country. Having a partner not only means creating a family unit, it means sharing things like a home and other property. Understanding how your future retirement might affect your spouse is important. When you’re planning for your retirement, here are a few things to … Continue reading Understanding Social Security Spouse’s Benefits

elderlawofmi
Elder Law of Michigan, FYI, Money and Finances, Retirement, seniors, Social Security

Social Security Announces 1.6 Percent Benefit Increase for 2020

By Vonda Vantil, Social Security Public Affairs Specialist Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020, the Social Security Administration announced today. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security beneficiaries in January 2020. Increased payments to more than 8 million SSI beneficiaries will … Continue reading Social Security Announces 1.6 Percent Benefit Increase for 2020

elderlawofmi