When Should You Start Receiving Social Security Benefits?

By Vonda Van Til, Social Security Public Affairs Specialist We’re often asked, “What’s the best age to start receiving retirement benefits?”  The answer is:  there’s not a single “best age” for everyone.  The most important thing is to make an informed decision.  Base your decision about when to apply for benefits on your individual and family circumstances. Would it be better for you to start … Continue reading When Should You Start Receiving Social Security Benefits?

See Your Lifetime Earnings with My Social Security

By Vonda Van Til, Social Security Public Affairs Specialist Did you know you can see your work history online all the way back to your first job?  Your earnings history is a record of your progress toward your Social Security benefits.  We keep track of your earnings so we can pay you the benefits you’ve earned over your lifetime.  This is why reviewing your Social … Continue reading See Your Lifetime Earnings with My Social Security

A Redesigned Retirement Benefits Portal That Works for You

By Vonda Van Til, Social Security Public Affairs Specialist We are excited to tell you about our redesigned retirement benefits portal at http://www.ssa.gov/benefits/retirement.  Keeping you informed about our products and services, and helping you prepare for making decisions that will affect your benefits is very important to us.  Preparing for retirement is one of the most important decisions you can make. Our website has helped … Continue reading A Redesigned Retirement Benefits Portal That Works for You

Retirement planning 101 with Social Security

By Vonda Vantil, Social Security Public Affairs Specialist Social Security benefits are part of the retirement plan of almost every American worker.  If you’re among the people covered under Social Security, you need to know how much you might receive from us when you begin receiving benefits.  These monthly payments may be a vital part of your retirement income. We base your benefit payment on … Continue reading Retirement planning 101 with Social Security

Senior Home Shares

By Michelle Jackson, Economic Security Team Member at Elder Law of Michigan Senior home sharing is becoming more and more popular in today’s world. Seniors are sharing homes with each other to share the high cost of housing expenses, as well as to have the companionship that comes with having a roommate. Senior home sharing also improves the health and safety of seniors by having … Continue reading Senior Home Shares

Mid-America Pension Rights Project: Defined Benefit Pension vs Defined Contribution 401(k): Part 1

By Christine Steinmetz, Pension Attorney at the Mid-America Pension Rights Project at Elder Law of Michigan Do you ever wonder if you have saved enough for retirement? There are so many online calculators, articles, and books written on this very issue. You save and expect your retirement to go smoothly. However, many people retire and realize that they have not saved enough. Recently, General Electric … Continue reading Mid-America Pension Rights Project: Defined Benefit Pension vs Defined Contribution 401(k): Part 1

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

(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

Three reasons why Social Security is important for women

By Vonda Vantil, Social Security Public Affairs Specialist In the 21st century, more women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. Yet, on average, women face greater economic challenges than men in retirement. Nearly 55 percent of the people receiving Social Security benefits are women. Women generally live longer than men … Continue reading Three reasons why Social Security is important for women

You Can Get Social With Social Security

By Vonda Van Til, Social Security Public Affairs Specialist Social Security means many different things to many different people. To a spouse who has lost their partner, it may mean a monthly check to help with childcare costs. For a wounded warrior, Social Security might mean a lifeline of income that improves their quality of life. And chances are, you’ll rely on us one day … Continue reading You Can Get Social With Social Security