(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

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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

(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

(Mid-America Pension Rights Project): Miners Urge Congressional Action On Pensions, Black Lung Fund

Via Ohio Valley Resource By Becca Shimmel Retired coal miners and coal community activists are on Capitol Hill this week urging action on two important issues for miners: pensions and black lung benefits. Advocates say funds supporting both pensions for retired miners and the federal benefits for those sickened by black lung disease are at risk if Congress does not act. Read the full article. Continue reading (Mid-America Pension Rights Project): Miners Urge Congressional Action On Pensions, Black Lung Fund

(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

(Mid-America Pension Rights Project:) You Need This Much Retirement Savings At Your Age And Income

Via Investors Business Daily By Paul Katzeff Are you saving enough for an affordable retirement? Knowing how much to save for retirement is a key question in planning. Yet many people don’t know how to figure out the right amount of retirement savings and don’t even try, even though knowing is important to their financial health. Read the full article. Continue reading (Mid-America Pension Rights Project:) You Need This Much Retirement Savings At Your Age And Income

(Mid-America Pension Rights Project:) These 3 Big Surprises Can Derail Your Retirement

Via Detroit Free Press By Susan Tompor The countdown to retirement can include all sorts of plans — setting aside extra cash in in the 401(k) plan, aiming to pay down debt, dreaming about the first trip you’d like to knock off your bucket list. But retirement experts will tell you that it’s the things that you don’t plan for that derail retirements all the … Continue reading (Mid-America Pension Rights Project:) These 3 Big Surprises Can Derail Your Retirement