Self Employment and Social Security

By Vonda VanTil, Social Security Public Affairs Specialist Many people enjoy the independence of owning and operating their own small business. If you’re a small business owner, you know that you have additional financial responsibilities when reporting your taxes. A part of this is paying into Social Security. Most people who pay into Social Security work for an employer. Their employer deducts Social Security taxes … Continue reading Self Employment and Social Security

Habitat for Humanity Home Repair Program

By Sheila Robison, MiCAFE Network Economic Security Team Member at Elder Law of Michigan Modifications and home improvements are crucial for most homeowners, especially for the senior citizen community. In current economic times, the expense of fixing up a home can be more than what is expected. Our pocketbooks are often not equipped to cover the costs of maintenance a home may need, and thus worry … Continue reading Habitat for Humanity Home Repair Program

(Mid-America Pension Rights Project) Michigan Sheet Metal Workers Pension Applies for Benefits Cuts

Via AI-CIO By Michael Katz The trustees of the Sheet Metal Workers Pension Fund of Troy, Michigan, have reapplied for approval from the US Department of Treasury of a proposed suspension of benefits. The fund’s actuaries have estimated that as of May 1, 2019, the pension is only 40.6% funded, and is projected to become insolvent in the plan year beginning May 1, 2033. According … Continue reading (Mid-America Pension Rights Project) Michigan Sheet Metal Workers Pension Applies for Benefits Cuts

Retired Senior Volunteer Program

By Stephanie Woods, Empowerment Specialist at Elder Law of Michigan Did you know senior isolation can lead to an increased risk of depression, cognitive decline, and a higher rate of mortality? Social isolation also makes seniors more susceptible to elder abuse, as they typically have less access to help. Physical activity and technology have been shown to reduce isolation and loneliness, but one of the … Continue reading Retired Senior Volunteer Program

Three Financial Literacy Tips for Seniors

By Denise Keiser, Fund Development Specialist at Elder Law of Michigan April highlights the importance of financial education. But, how do we ensure the principles shared during the month have a lifelong effect far beyond the month of April, especially for seniors? Financial literacy, after all, offers individuals the ability to make smart, informed decisions about their financial resources which stretch from money to housing and … Continue reading Three Financial Literacy Tips for Seniors

A question mark drawn in white chalk on a blackboard.

Social Security Q&A Part 19

By: Vonda VanTil, Social Security Public Affairs Specialist Question: Can I delay my retirement benefits and receive benefits as a spouse only? How does that work? Answer: It depends on your date of birth. If you were born on or before 01/01/1954 and your spouse is receiving Social Security benefits, you can apply for retirement benefits on your spouse’s record as long as you are … Continue reading Social Security Q&A Part 19

(Mid-America Pension Rights Project): Michigan can say ‘thank u, Ariana Grande’; Her hit ‘7 Rings’ boosts state pension funds

Via Lansing State Journal By Carol Thompson Michigan pensioners get a little boost every time Ariana Grande’s chart-topping song “7 Rings” hits the airwaves. That’s good news for the more than 530,000 people tied to the state’s pension programs, most of which are not fully funded. There isn’t a direct line between “7 Rings” to pensioners’ pockets, but it’s pretty close. Here’s the connection: In the song, Grande puts … Continue reading (Mid-America Pension Rights Project): Michigan can say ‘thank u, Ariana Grande’; Her hit ‘7 Rings’ boosts state pension funds

See What You Can Do Online During National Social Security Month-Part One

By Vonda Vantil, Social Security Public Affairs Specialist For generations, Social Security has been evolving to meet your changing needs. In April, we celebrate National Social Security Month by letting you know what you can do online with a my Social Security account. Replacing a lost or stolen Social Security number (SSN) card has never been easier. You can request a replacement SSN card online … Continue reading See What You Can Do Online During National Social Security Month-Part One

Medicare: Rules for Those with Higher Income

By Vonda Vantil, Social Security Public Affairs Specialist If you have higher income, the law requires an upward adjustment to your monthly Medicare Part B (medical insurance) and Medicare prescription drug coverage premiums. But, if your income has gone down, you may use form SSA-44 to request a reduction in your Medicare income-related monthly adjustment amount. Medicare Part B helps pay for your doctors’ services … Continue reading Medicare: Rules for Those with Higher Income

A toddler holds hands with his parents while walking on a sidewalk.

Understanding Social Security Survivors Benefits

By Vonda Vantil, Social Security Public Affairs Specialist Unfortunately, tragedy can strike without any warning. The loss of the family wage earner can be devastating both emotionally and financially. Social Security helps by providing income for the families of workers who die. Some of the Social Security taxes you pay go toward survivors benefits for workers and their families. The value of the survivors benefits … Continue reading Understanding Social Security Survivors Benefits