Monday October 18, 2021
Exciting events are happening at TSAThank you for your interest in The Salvation Army - Wisconsin and Upper Michigan Division. Our hope is to serve you and your family with helpful information.
Financial Assistance for Aging-in-Place ImprovementsDo you know of any financial assistance programs that can help seniors with home improvement projects? I would like to help my grandparents make a few modifications to their house so they can continue...
Largest Social Security Increase in Four DecadesThe Social Security Administration has announced a 5.9% increase in benefits for 2022. This is a dramatic change over the 1.3% increase for 2021. During the past decade, the increases have generally been less than 2%. Approximately 70 million Americans will receive the increased payment amounts in January of 2022. The increase is the result of substantial rises in the price of gasoline and other everyday purchases. With port congestion in Los Angeles and a limited number of trucks to deliver supplies, there are shortages of many goods and limited stock on store shelves. The shortages inevitably lead to higher prices. The large Social Security cost-of-living adjustment (COLA), is a direct result of inflation during...
IRA and 401(k) Designated Beneficiary OptionsEach year, IRAs and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start at just under 4% at age 72 and then slowly increase, many IRA and 401(k) plans earn...