Via The New York Times By Tara Siegel Bernard For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate of people 65 … Continue reading Elder Law of Michigan in the News!- President Keith Morris is quoted in The New York Times article: ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans.
By Sandra Wisnewski, J.D., Director of Client Assistance, Director of the Mid-America Pension Rights Project 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 our services. The MAPRP works to find answers and solutions to your pension-related problem. Just ask Mr. G. Mr. G contacted Elder Law of Michigan’s Legal Hotline for Michigan Seniors (LHMS), hoping to receive legal advice. The attorney … Continue reading A Working Class Program that Works to Solve Your Pension Problems
Via WGBH.org By Liam Knox And Lucas Smolcic Larson Deborah Imondi knows pensions. The 66-year-old retiree from Johnston, Rhode Island, managed a large corporate pension fund for 25 years. But when it came time for her to claim her own pension benefits from a bank she worked for five decades ago, Imondi found herself helpless. The bank, Rhode Island Hospital Trust, went through a series … Continue reading Retirees Struggle To Locate Billions In Lost Pensions As Government Looks For Solutions
Via Investors Business Daily By Paul Katzeff Are you saving enough for an affordable retirement? Knowing how much to save for retirement is a key question in planning. Yet many people don’t know how to figure out the right amount of retirement savings and don’t even try, even though knowing is important to their financial health. Read the full article. Continue reading You Need This Much Retirement Savings At Your Age And Income
Via Detroit Free Press By Susan Tompor The countdown to retirement can include all sorts of plans — setting aside extra cash in in the 401(k) plan, aiming to pay down debt, dreaming about the first trip you’d like to knock off your bucket list. But retirement experts will tell you that it’s the things that you don’t plan for that derail retirements all the … Continue reading These 3 Big Surprises Can Derail Your Retirement
Via mydaytondailynews.com By Chris Stewart, My Dayton Daily News The Ohio Public Retirement System has failed to fully account for the income of 194 Montgomery County employees when calculating pension benefits, according to complaints filed Tuesday with the Supreme Court of Ohio. Separate filings by the Montgomery County Prosecutor’s Office and the Montgomery County Clerk of Courts each allege the Ohio Public Retirement Board made … Continue reading Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund
Via Woodtv.com By Susan Samples Elder Law of Michigan’s Director of Client Assistance, Sandra Wisnewski, was interviewed to help assist with a pension overpayment matter. HOLLAND, Mich. (WOOD) — When Adeline Reed received a letter from her pension fund telling her she’d been overpaid for nearly a decade, she was shocked. “I didn’t believe it,” said Reed, 74, of Holland. According to the letter from the Kraft … Continue reading Elder Law of Michigan/Mid-America Pension Rights Project – in the News!