Category: Retirement

Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors

(Mid-America Pension Rights Project): Pension crisis worries mid-state retirees

Via Fox17 By Nikki Junewicz It’s a looming crisis set to impact one million American workers, including thousands in middle Tennessee: pension cuts. This weekend local union members came together to talk about what they’re going to do if or when the pension plans they’ve been paying into for decades run out. “I do feel it’s a betrayal, and it strikes me as particularly un-American … Continue reading (Mid-America Pension Rights Project): Pension crisis worries mid-state retirees

elderlawofmi
A question mark drawn in white chalk on a blackboard.
Disability, Medicare/Medicaid, Money and Finances, Retirement, senior independence, seniors, Social Security, SSI

Social Security Q&A Part 15

By: Vonda VanTil, Social Security Public Affairs Specialist Question:  Will my disability benefits be reduced if I get workers’ compensation or other public disability benefits? Answer:  If you get either workers’ compensation or public disability benefit payments, we may reduce Social Security benefits for you and your family. Public disability benefit payments paid under a federal, state, or local government law may affect your Social Security … Continue reading Social Security Q&A Part 15

elderlawofmi
Legal Hotline, Legal Hotline for Michigan Seniors, Mid-America Pension Rights Project, Pension, Planning for the Future, Retirement, senior independence, seniors, Tips

(Mid-America Pension Rights Project): Consumer group urges special congressional committee to develop solution to multiemployer pension crisis

Via Pension Rights Center By Emily Gilbert As a result of a misguided law passed in 2014 to ostensibly “save” pension plans, the Treasury Department announced last week that it has provisionally approved an eighth application from a multiemployer pension plan seeking to slash the benefits of vulnerable retirees as a way of balancing its books. The Teamsters Local 805 plan headquartered in New York – … Continue reading (Mid-America Pension Rights Project): Consumer group urges special congressional committee to develop solution to multiemployer pension crisis

elderlawofmi
FYI, Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors

(Mid-America Pension Rights Project): Pension lump-sum payouts and your retirement security

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

elderlawofmi
A question mark drawn in white chalk on a blackboard.
FYI, Money and Finances, Retirement, senior independence, seniors, Social Security

Social Security Q&A Part 14

By: Vonda VanTil, Social Security Public Affairs Specialist Question: Is it true that ten thousand people are retiring each day? What is the best way for me to apply and avoid long lines in my Social Security office? Answer: Yes. The best way is to use our online retirement application at http://www.socialsecurity.gov. You can complete it in as little as 15 minutes. It’s so easy. … Continue reading Social Security Q&A Part 14

elderlawofmi
A man wearing a fedora plays guitar for a happy group of people.
Celebratory Month, FYI, Money and Finances, Planning for the Future, Retirement, seniors, Social Security

Social Security Celebrates Hispanic Heritage Month

By Vonda Vantil, Social Security Public Affairs Specialist Social Security touches the lives of every American. Hispanics make up our nation’s largest ethnic minority group with a population of 57.5 million, according to 2016 statistics from the U.S. Census Bureau. In fact, Hispanic Americans form 17.8 percent of the nation’s total population. Social Security provides retirement, disability, and other benefits to over 63 million American … Continue reading Social Security Celebrates Hispanic Heritage Month

elderlawofmi
A woman wearing a blue shirt sits outside while using her laptop.
FYI, Medicare/Medicaid, Money and Finances, Planning for the Future, Retirement, seniors, Social Security, Technology, Tips

You’ll Feel Like You’re on Vacation With How Easy This Is

By: Vonda VanTil, Social Security Public Affairs Specialist August might be the last of the months that people think of when we say “summer vacation,” but it’s by no means the least. People are still taking trips and hosting family while enjoying America’s beaches and national parks. Social Security might not be on the top of your to-do list when you’re on vacation, but we’ve … Continue reading You’ll Feel Like You’re on Vacation With How Easy This Is

elderlawofmi
FYI, Mid-America Pension Rights Project, Money and Finances, Planning for the Future, Retirement, Social Security, taxes, Tips

(Mid-America Pension Rights Project): Retirement Planning Mistakes You Probably Don’t Realize You’re Making

Via CNN Money By Maurie Backman Though retirement can be a fulfilling time in people’s lives, it can also be a stressful one. This especially holds true if you fall victim to the following mistakes, so be sure to avoid them at all costs. 1. Relying too heavily on Social Security Millions of seniors collect Social Security in retirement, and those monthly payments play a … Continue reading (Mid-America Pension Rights Project): Retirement Planning Mistakes You Probably Don’t Realize You’re Making

elderlawofmi
Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors, Social Security

(Mid-America Pension Rights Project:) Delaying Social Security Benefits? Here’s How Long It Will Take for It to Pay Off

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

elderlawofmi
A question mark drawn in white chalk on a blackboard.
Disability, Medicare/Medicaid, Money and Finances, Planning for the Future, Retirement, seniors, Social Security, SSI, Tips

Social Security Q&A Part 13

By: Vonda VanTil, Social Security Public Affairs Specialist Question: How do I know if I’ve worked long enough to get Social Security disability benefits? Answer: To get Social Security disability benefits, you must meet the definition of disability under the Social Security Act. And you must have worked long enough — and recently enough — under Social Security to qualify for disability benefits. The amount … Continue reading Social Security Q&A Part 13

elderlawofmi