Michigan Office of Retirement Services
Big Plans. Small Steps. ORS serves over 550,000 customers, representing one of every fourteen Michigan adults.
The Office of Retirement Services administers retirement programs for Michigan's state employees, public school employees, judges, state police, and National Guard members. ORS customers live in approximately one of every nine Michigan households. Within these systems, ORS administers four defined benefit pension plans, two defined contribution pension plans, and one combined plan, managing combin
Retirement regrets often revolve around missed savings and planning opportunities – start preparing now to avoid them.
https://bit.ly/4e46gA7
Turning in your ID badge and walking out the door is not a comprehensive retirement plan. Plan early with these helpful resources.
Public school employees: https://bit.ly/3jtg4ga
State employees: https://bit.ly/3MrrYCr
Michigan State Police: https://bit.ly/4e25iEt
Have you checked your years of service on miAccount recently?
milogin.michigan.gov
The ORS offices will be closed today, Sept. 2, to observe Labor Day. We will be back and ready to serve you tomorrow.
With the kids launched into adulthood, you theoretically have more money, time, and space than you used to. So now what?
3 money tips for empty nesters With the kids launched into adulthood, you theoretically have more money, time, and space than you used to. So now what?
Turn what may seem to be an imposing chore into an opportunity for loved ones to share their life stories.
Declutter Your Parent’s Home While They Can Join In Tips for turning what may seem to be an onerous chore into a fun opportunity for loved ones to share their life stories
Staying active is key to a healthy retirement. What’s your favorite way to stay fit? Share your tips in the comments below.
Do you have screen apnea? Taking frequent breaks can help you step away from your screen and take some deep breaths to calm and soothe your nervous system.
Screen apnea: What happens to our breath when we type, tap, scroll : Body Electric Do you have "screen apnea"? Former Microsoft executive Linda Stone coined this term around 2007 after noticing she'd developed an unhealthy habit while answering emails: She held her breath. On this episode, she tells host Manoush Zomorodi how she tested her friends and colleagues for screen apnea a...
Did you know only 11% of non-retired Americans know their exact future Social Security benefits? Anyone over the age of 18 can create a “My Social Security” account online to check estimated benefits.
Most people don't know how much their Social Security retirement benefits may be. Here's how to tell Social Security is a major source of income for most retirees. Yet new research shows most people don't know how much income they may receive from the program.
Half of American credit card holders are carrying debt, with many struggling to pay it off due to inflation and high interest rates. Are you among them, or do you have a plan to tackle your debt?
Survey: Half Of American Cardholders Now Carry Credit Card Debt | Bankrate More cardholders are carrying debt month to month and many don’t have a payoff plan.
Building investment confidence is key to a successful retirement. Educate yourself and create a simple, written investment plan. Stay the course and avoid emotional decisions, so you can retire comfortably and enjoy the wealth you’ve built.
https://bit.ly/3MiDMqN
Beneath the catchy rhythm of Pink Floyd’s “Money” lies timeless financial wisdom – balancing saving with enjoying the present and focusing on meaningful experiences over material possessions.
Pink Floyd's "Money:" Hidden Secrets to Financial Freedom Don't just sing along, learn from it. Pink Floyd's "Money" teaches hardy financial lessons in wealth, materialism and more.
Gen X, as you reach those key ages for penalty-free withdrawals from retirement accounts, remember to use those funds as a last resort. While accessing your IRA or 401(k) might seem tempting, it’s often a costly move.
As Gen Xers reach retirement withdrawal age, using that money should be a 'last resort,' expert says Some Gen Xers are becoming eligible for penalty-free retirement withdrawals. But it's the "most expensive place to get money," one expert cautions.
Let’s jump into the good times with another Pension Payday!
It's important to remember that ORS has only one financial partner and that is Voya Financial Services. ORS is not sharing your financial information with any other financial firm. https://bit.ly/3ywNT7R
Navigating taxes in retirement can be complex with multiple income sources like Social Security, pensions, and IRA withdrawals. Simplify by having tax withholding from just one source to keep track easily and avoid penalties.
https://bit.ly/3SFUbce
To avoid common pitfalls when retiring early: plan for taxes, estimate healthcare costs, maximize Health Savings Account contributions, build a pre-retirement liquidity strategy, and accurately estimate early retirement expenses.
https://bit.ly/3WYjS9t
Being your trusted partner for setting retirement and savings goals is important to us. That’s why we’re pleased to share that ORS has received the Savings Champion Award from America Saves. We’re among 18 organizations honored out of 4,600-plus that participated in America Saves Week, which ran April 8-12. We were honored for effectively and actively promoting savings strategies.
Think Olympic glory is just for the young? Think again! The 2024 Paris Games featured athletes in their 50s and 60s, proving that age is no barrier to achieving greatness.
Oldest Olympians at the 2024 Paris Games Think Olympic glory is only for people who are quite young? Think again! Learn about the athletes who are in their 40s, 50s and 60s.
Ever felt like keeping your financial details a secret, even from your loved ones? Transparency can prevent surprises and guide your loved ones in making better decisions for their future.
Avoid Surprises: Why Sharing Finances with Family Matters Learn why financial transparency with family can prevent future stress, safeguard your legacy and empower loved ones.
From smart homes and personalized healthcare to virtual reality and enhanced financial management, AI is revolutionizing the golden years. Consider embracing these technologies to live your best life with comfort, connection, and endless possibilities.
https://bit.ly/4dkKgRo
If you want to travel or retire abroad, be aware that Medicare will not cover medical charges outside of the U.S., aside from emergency expenses in Mexico and Canada.
https://bit.ly/4cZ9qF7
Retirement confidence is up, with 68% of savers feeling on track, but gaps remain.
US retirement confidence rises, but some groups less upbeat - InvestmentNews BlackRock survey exposes gender and generation gaps even as six-tenths of workplace savers feel financially on track.
Retired or retiring this year? Embrace the opportunities and tackle the challenges with expert tips on financial planning, choosing the right location, and maintaining an active lifestyle.
Retiring in 2024: Trends & Tips for a Happy Retirement If you're planning to retire in 2024, review these essential tips.
Simplify your retirement by focusing on a “retirement paycheck” — a regular income stream to cover your monthly expenses, handle unexpected costs, and support your desired lifestyle.
https://bit.ly/3WJTnV9
Retirees, like Olympic athletes, often face a loss of routine, feedback, and identity. Embracing new routines and seeking support can help ease the transition.
https://bit.ly/3yhUG5e
In retirement, you will encounter expenses you may not have been expecting: medical expenses that are not covered, home repairs, and income taxes.
3 retirement costs that could surprise you, experts say These unexpected retirement costs can drain your savings faster than anticipated, so make sure you watch for them.
Watch out for new AI scams in 2024. Deepfakes, voice cloning, and realistic phishing make it crucial to verify sources and be skeptical of online requests.
A Quick Guide to Four Trending AI Scams to Avoid in 2024 Learn more about all the AI scams that are bouncing around online in 2024, including deepfake videos and voice cloning scams.
Are you retired and considering a return to work? Our website offers information you need to know about working after retirement.
Michigan public schools: https://bit.ly/3OFVGFE
State employees: https://bit.ly/46pYpu6
Planning for retirement? Start by calculating how much you’ll need, choosing the right retirement plan, and selecting diverse investments. Begin early and take advantage of employer matching to maximize your savings.
3 steps to start building your own retirement plan Experts recommend planning for retirement as early as possible. These 4 steps can help guide you to a comfortable and secure retirement. Start investing today.
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Lansing, MI
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Thursday | 8:30am - 5pm |
Friday | 8:30am - 5pm |
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