Everyone ages differently and some people enjoy the social benefits that come with a senior living facility or other communal living situation. Often, these residences are already designed…
Home Safety for Seniors—What You Should Know
The Advantages And Disadvantages Of Raising The Retirement Age
After increasing the retirement age based on birth year a dozen times for those born between the years of 1937 and 1960, the retirement age has remained the same for…
What Is a Reverse Mortgage & What Does It Mean to Me?
A reverse mortgage is an increasingly attractive proposition for older Americans who may be low on cash, need to supplement retirement income, and want to use their home equity to…
NCOA Launches Online Tool to Help Older Adults Manage Finances
The National Council on Aging launched Budget CheckUp, a free online tool that gives older adults practical tips on how to create a monthly budget and manage their…
More States Adopting Master Plans for Aging
Older adults prefer to age at home or in their community rather than assisted-living facilities or other institutional settings, but experts say that could be difficult or impossible…
How and When to Tap Home Equity in Retirement
Home equity (how much you owe on your mortgage subtracted from how much your home is worth) can be a useful and often overlooked retirement asset, according to…
Do You Need Help Paying Your Taxes and Insurance?
The U.S. Treasury allocated $9.9 billion for aid to homeowners who were adversely impacted by COVID to be distributed through state administrators for the purpose of preventing homeowner…
The Challenges of Living Alone in Retirement
In a recent column published by theStreet, financial planner Sandra Adams highlights recent Census Bureau data suggesting that 36 percent of American households are currently occupied by single…
You Have a Reverse Mortgage: Know Your Rights and Responsibilities
A new guide from the Consumer Financial Protection Bureau explains your rights and responsibilities as a reverse mortgage borrower.
Goldman Sachs: Competing Priorities Hinder Retirement Saving For Women
While women control one third of U.S. household financial assets ($10.9 trillion) and comprise 47 percent of the workforce, many of them struggle to save adequately for retirement…
Transamerica: Societal Headwinds Are Undermining Women’s Retirement Security
A new report from the Transamerica Center for Retirement Studies® (TCRS) finds that more than four in 10 working women (41 percent) expect to retire at age 70…
Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
A recent survey of 750 American retirees conducted by Motley Fool found that 55 percent don’t believe the 8.7 percent cost-of-living adjustment for 2023 announced by the Social Security Administration…
What is a reverse mortgage and how can it help you make ends meet?
Fortune published a balanced and informative article on reverse mortgages that examined how they work, key differences between HECMs and proprietary loans, and the pros and cons of getting…
Report: Almost Half of Baby Boomers Still Working Past Age 70
A new survey from the Transamerica Center for Retirement Studies® finds almost half of Baby Boomer workers (49 percent) expect to or already are working past age 70…
Social Security Announces 8.7 Percent Benefit Increase for 2023
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration announced today. On average, Social…
Opinion: Reverse mortgages can offer senior homeowners a financial lifeline with both stocks and bonds sinking
Most people think of reverse mortgages as the last-gasp attempt to stay in your house when you’ve run out of money in retirement. But even before they get…
Kiplinger: Worried About Inflation? A Reverse Mortgage Can Generate Cash
Kiplinger conducted a survey that found more than 70% of individuals age 50 and older are concerned that inflation will cause serious economic hardship during their retirement. In…
Study: Oregon’s Auto-IRA Program Making Progress
Over the past decade, since 2012, at least 46 states have acted to implement a new program, study program options, or consider legislation to establish state-facilitated retirement savings…