Via pueblo.gpo.gov A guide for consumers considering their retirement payout options from a private-sector plan. Your traditional pension plan is designed to provide you with a steady stream of income once you retire. That’s why your pension benefits are normally paid in the form of lifetime monthly payments. Increasingly, employers are making available to their employees a one-time payment for all or a portion of … Continue reading (Mid-America Pension Rights Project): Pension lump-sum payouts and your retirement security
Via Ohio Valley Resource By Becca Shimmel Retired coal miners and coal community activists are on Capitol Hill this week urging action on two important issues for miners: pensions and black lung benefits. Advocates say funds supporting both pensions for retired miners and the federal benefits for those sickened by black lung disease are at risk if Congress does not act. Read the full article. Continue reading (Mid-America Pension Rights Project): Miners Urge Congressional Action On Pensions, Black Lung Fund
Via The Motley Fool By Christy Bieber You can claim Social Security benefits at the age of 62 — but should you? Many people — including experts from Stanford — argue for delaying as long as possible because benefits go up the longer you wait. And there are indeed plenty of good reasons to delay. Social Security provides a guaranteed source of income for life, so waiting … Continue reading (Mid-America Pension Rights Project:) Delaying Social Security Benefits? Here’s How Long It Will Take for It to Pay Off
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 (Mid-America Pension Rights Project:) 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 (Mid-America Pension Rights Project:) 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 (Mid-America Pension Rights Project:) You Need This Much Retirement Savings At Your Age And Income