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

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

Social Security Covers Disabled Children

By Vonda Van Til, Social Security Public Affairs Specialist Children are our future — we share our knowledge and talent with them — we pass on our values to them knowing they will share those gifts. Social Security safeguards children all year long, but we’d like to take this opportunity to share information about our programs that provide direct support to children. The latest information … Continue reading Social Security Covers Disabled Children

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

New: Whitmer, DHHS announce plan to ease access to public assistance

Via Michigan Advance By Allison Donahue Gov. Gretchen Whitmer and Michigan Department of Health and Human Services (DHHS) Director Robert Gordon on Thursday morning announced policy changes aimed at making access to food assistance and other public benefits easier for families. “These asset test policy changes are important because right now too many Michigan families are struggling to get ahead,” said Whitmer in a press … Continue reading New: Whitmer, DHHS announce plan to ease access to public assistance