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News

Monday September 26, 2016

Exciting events are happening at The Salvation Army Metropolitan Division
Our News
Thank you for your interest in The Salvation Army Metropolitan Division. Our hope is to serve you and your family with helpful information.
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Meal Service Delivery Options for People Who Don't Cook
Savvy Living
What types of healthy meal delivery options can you recommend for individuals who don't cook and don't get out much?...
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Congress Considers Retirement Plans
Washington News
As the election clock continues to race forward, the Senate Finance Committee this week passed several retirement plan bills. Many Americans have a 401(k) plan. With a traditional 401(k) plan, the employee may make tax free contributions and enjoy tax free growth. Distributions must commence after age 70½, with a starting payout rate of approximately 3.8% of the plan balance. Distribution percentages increase as the person becomes more senior. A common plan also involves a very favorable employer match of typically 3% to 5%. In 2016, the employee may make a contribution of up to $18,000. Workers over age 50 are permitted an additional "catch up" contribution of $6,000. The bipartisan Lifetime Disclosure Act (S. 1317) is designed to increase employer disclosures to workers. The bill is cosponsored by Sen. Johnny Isakson (R-GA) and Sen. Chris Murphy (D-CT). They seek to help...
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Social Security
Personal Planner
Linda asked, "When should I take my Social Security? I have a good income and have paid into Social Security for 40...
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