January 2020 - Elder Law of Michigan

(Mid-America Pension Rights Project): Retirement dreams: $3 million is the new $1 million — here’s how to get there

Post author:web-designer
Post published:01/31/2020
Post category:Elder Law of Michigan Mid-America Pension Rights Project Pension

Via MarketWatch By Shawn Langlois Have you and your 401(k) plan ridden this relentless bull market into glorious millionaire territory? If so, congratulations! Well done. Etc. Now here’s the bad…

(Mid-America Pension Rights Project): Baby boomers commit the ‘7 deadly sins’ of retirement planning

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Post published:01/31/2020
Post category:Elder Law of Michigan Mid-America Pension Rights Project Pension

Via MarketWatch By Brett Arends The lights have been green for the baby boomers all their lives. They were born just after World War II, between 1946 and 1964, and…

(Mid-America Pension Rights Project): Getting SECURE Act’s Lifetime Income Provisions Right

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Post published:01/31/2020
Post category:Elder Law of Michigan Mid-America Pension Rights Project Pension

Via PlanSponsor By John Manganaro RETIREMENT INDUSTRY ANALYSTS broadly agree the passage of the “SECURE Act” late last year marked the most significant change for the retirement industry in more than a decade.…

Social Security Q&A Part 22

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Post published:01/29/2020
Post category:Elder Law of Michigan

By Vonda VanTil, Social Security Public Affairs Specialist Question: Can I refuse to give my Social Security number to a private business? Answer: Yes, you can refuse to disclose your…

Making Wise Choices When a Representative Payee Manages Your Money

Post author:web-designer
Post published:01/23/2020
Post category:Elder Law of Michigan Social Security

By Vonda Van Til, Social Security Public Affairs Specialist Some of the millions of people who get monthly Social Security or Supplemental Security Income benefits need help managing this money.…

(Mid-America Pension Rights Project): Should Clients Take a Lump-Sum Social Security Payment?

Post author:web-designer
Post published:01/23/2020
Post category:Elder Law of Michigan Mid-America Pension Rights Project Pension

Via ThinkAdvisor By Ginger Szala Advice from many experts today is that people should delay claiming their Social Security benefits for as long as possible, or until age 70, when…

(Mid-America Pension Rights Project): Secure Act’s 401(k) Annuity Options: The Pros and Cons

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Post published:01/21/2020
Post category:Elder Law of Michigan Mid-America Pension Rights Project Pension

Via ThinkAdvisor By William H. Byrnes and Robert Bloink The Secure Act contains provisions that will impact nearly every client saving for retirement—along with many who have already begun taking…

Beware of Social Security Scams

Post author:web-designer
Post published:01/14/2020
Post category:Elder Law of Michigan fraud Social Security

By Vonda Vantil, Social Security Public Affairs Specialist There’s a widespread telephone scam involving callers claiming they’re from Social Security. The caller ID may even show a government number. These…

Elder Justice League Helps to Distribute Food in the Eastern Upper Peninsula

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Post published:01/13/2020
Post category:Elder Law of Michigan

By Stephanie Woods, Empowerment Specialist at Elder Law of Michigan With the increasing opioid epidemic and the ever-changing family structure, many grandparents are living in the same household as their…

Senior Home Shares

Post author:web-designer
Post published:01/10/2020
Post category:Elder Law of Michigan Housing Planning for the Future

By Michelle Jackson, Economic Security Team Member at Elder Law of Michigan Senior home sharing is becoming more and more popular in today’s world. Seniors are sharing homes with each…