Tag: retirement security

Senior with a concerned look on his face.
FYI, Mid-America Pension Rights Project, Money and Finances, Planning for the Future, senior independence

Should I take a Lump Sum Pension Payout?

by Sandra Wisnewski, J.D., Director of the Mid-America Pension Rights Project Since 1998, the Mid-America Pension Rights Project (MAPRP) has been assisting clients with pension issues. One question that we frequently receive is whether or not to take a lump sum payout of a pension benefit. Some employers offer a one-time lump sum payment in lieu of a traditional life-time annuity option. This option can be a … Continue reading Should I take a Lump Sum Pension Payout?

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Pension

Did You Leave Money at Your Old Job?

Via Forbes.com By Mitch Tuchman, Forbes.com June 19, 2015 It’s a basic truth about us as human beings. Most of us don’t want to think about money at all. And that costs us money in the long run. Data from Cerulli Associates puts a number on it — 38 million. That’s the number of stranded workplace retirement plans there were in the United States in 2009. … Continue reading Did You Leave Money at Your Old Job?

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Money and Finances

The Consumer Financial Protection Bureau Issues Report on Older Consumers at Mortgage Debt

Mortgage debt has become an increasing trend for older adults, making retirement security a concern for many homeowners. The Consumer Financial Protection Bureau has been tracking this recent trend, and has recently released a report titled “A snapshot of older consumers and mortgage debt.” The snapshot is composed of data from the Census Bureau, the Federal Reserve, and the CFPB’s consumer complaints, among other sources, to … Continue reading The Consumer Financial Protection Bureau Issues Report on Older Consumers at Mortgage Debt

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