Yes, You Can Buy a Home, Start a Family AND Pay Off Your Student Loans
Via Kiplinger By Randy Lupi About 10 years ago I met with a client — she was a teacher and a single mom hoping to put her kids through college. At 56, she was almost past the average retirement age for teachers in her state, yet it was clear she wasn’t going to be retiring anytime soon — not only because of the tuition bills … Continue reading Yes, You Can Buy a Home, Start a Family AND Pay Off Your Student Loans
(Mid-America Pension Rights Project): Will the Retirement Crisis Change Our Attitudes Toward Saving?
Via ThinkAdvisor By Gary Anetsberger We all know that saving for retirement is important. As a society, we are living longer than we expected, and this sometimes means that we did not save enough during our working years. Living longer lives is of course a wonderful thing, but it also means that nearly everyone has an opinion on how much to save, through what vehicles, … Continue reading (Mid-America Pension Rights Project): Will the Retirement Crisis Change Our Attitudes Toward Saving?
MiCAFE Client Story: Ms. L
By Grace DeRose-Wilson, Screening Integration Coordinator at Elder Law of Michigan Michigan’s Coordinated Access to Food for the Elderly (MiCAFE) is a program of Elder Law of Michigan that helps potentially eligible older adults and individuals with disabilities access and apply for public benefits through the Michigan Department of Health and Human Services (MDHHS). MiCAFE also helps older adults and those with disabilities who are struggling to … Continue reading MiCAFE Client Story: Ms. L
Keeping Warm and Staying Safe During the Winter Months
By Betsy Smith, Network Shareholder and Partner Manager at Elder Law of Michigan It is no joke that Michigan winters can be brutal, and we are just now heading into the coldest part of the year. Between trying to keep warm and stay safe in wintry weather, older adults are faced with several challenges during the winter season. Older adults can lose body heat easier than when … Continue reading Keeping Warm and Staying Safe During the Winter Months
How to Take 401(k) Hardship Withdrawals
Via U.S. News By Rachel Hartman IF YOU’RE SHORT ON funds and looking for resources to get through an emergency situation, you may have considered taking money out of your 401(k) plan. There are several specific circumstances when current employees can take 401(k) withdrawals to cover sudden costs. Read the full article. Continue reading How to Take 401(k) Hardship Withdrawals
(Mid-America Pension Rights Project): Tax Tips for Retirees
Via U.S. News By Rodney Brooks RETIREES WHO PLAN carefully can often pay a lower tax bill in retirement. However, tax mistakes can have a dramatic effect on your finances when you’re on a fixed income. Poor or haphazard tax planning might actually move you into a higher tax bracket or result in you needlessly paying more taxes. Read the full article. Continue reading (Mid-America Pension Rights Project): Tax Tips for Retirees
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
Help a loved one with Social Security
By Vonda Van Til, Social Security Public Affairs Specialist The aged and people with disabilities may need extra assistance to manage their finances. If you have a loved one who needs your help, you may be able to become a representative payee. A representative payee receives the beneficiary’s payments and is given the authority to manage them on the beneficiary’s behalf. We recognize that turning … Continue reading Help a loved one with Social Security
Seasonal work while getting Social Security
By Vonda Van Til, Social Security Public Affairs Specialist Many people pick up side jobs when the holiday shopping season comes around. It’s a good way for you to make some extra income during the busy season or ease back into working if you have been out of the labor force for a while. We’re here to help you navigate working seasonally if you get … Continue reading Seasonal work while getting Social Security
(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