By Vonda Vantil, Social Security Public Affairs Specialist Planning and saving are core elements to a successful retirement. For over 80 years, Social Security has helped Americans achieve that goal. Each year, the American Savings Education Council and America Saves coordinate America Saves Week. The week is an opportunity for organizations to promote good savings behavior; and a great time for people to assess their … Continue reading Social Security and America Saves Week
By Denise Keiser, Fund Development Specialist at Elder Law of Michigan If you’re like most Americans, you probably set some New Year’s resolutions in January that included a few money goals. As the new year moves forward, are you smashing those financial goals, or are you like most people, who end up hitting roadblocks? New Year’s resolutions, like getting physically fit or financially fit, have … Continue reading Achieving Your Financial Goals: Part 3
Via Barrons.com By Elizabeth White I never thought it would happen to me. All my life—working at the World Bank, getting my M.B.A. at Harvard Business School, starting my own retail company—I thought of retirement as golfing in Florida (not that I really wanted to). Even after my business failed—taking most of my savings with it—I bounced back. I reinvented myself as a consultant and … Continue reading So, You’re Retired but Don’t Have Enough Money to Be Retired. Now What?
FOR IMMEDIATE RELEASE: Michigan issuing March and April food assistance benefits early. MDHHS will be issuing food assistance benefits early in March and April. This is an effort to reduce the gap between benefits issuance, as February benefits were issued at the end of January due to the partial federal government shutdown. MDHHS has stated, “March benefits are scheduled to be issued on March 3, … Continue reading Early Food Assistance Benefits
Via CNBC By Maggie Fitzgerald Seniors lose an estimated $2.9 billion annually from financial exploitation, according to the Senate Special Committee on Aging. Impersonating the IRS was the No. 1 scam targeting seniors in 2018. More than 1,500 seniors across the country contacted the committee’s fraud hotline in 2018; however, Kansas Attorney General Derek Schmidt said in recent testimony that only 1 in every 24 … Continue reading (Mid-America Pension Rights Project): Scams cheat older Americans out of almost $3 billion a year.
Via Pensions&Investments By Margarida Correia Employees may leave their jobs but the money in their retirement plans can stay. That’s the thinking among a growing number of defined contribution plan sponsors, particularly those running large plans, recent studies from Alight Solutions and Callan LLC show. With baby boomers retiring, plan sponsors would rather not see their assets “walk out the door” as it could compromise their ability … Continue reading (Mid-America Pension Rights Project): More plans looking to hang on to assets of departing workers
By Denise Keiser, Fund Development Specialist at Elder Law of Michigan Every money goal needs a plan. For example, if your goal is to reduce financial stress in your life this year, having the right budget may be a simple solution. Even if you’re trying to pay off debt or save for a vacation, a budget is the planning tool you need to find success. … Continue reading Achieving Your Financial Goals: Part 2