Americans’ “magic number” for retirement surged to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of more… New Magic Number for Retirement is $1.46 Million
Americans’ “magic number” for retirement surged to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of more… New Magic Number for Retirement is $1.46 Million
Nationally syndicated retirement columnist Terry Savage published a checklist of key considerations for consumers while shopping for a reverse mortgage. The big picture: Your house will become your more… Retirement Columnist Discusses Reverse Pros and Cons
Retirement expert Jamie Hopkins discussed new research conducted by WSFS Mortgage that sheds light on the benefits of reverse mortgages but also significant misconceptions and limited awareness. Why more… Retirement Expert Addresses Home Equity Potential in Retirement Planning and Obstacles
Larry Fink, whose company manages $10 trillion in assets (half of which are for retirement), challenged government and business leaders to come together to fix a looming retirement more… Blackrock CEO Highlights Global Retirement Crisis
More than half (54%) of Americans say it’s their goal to live to 100, according to a new study from Corebridge Financial and The Longevity Project. What they’re more… Are You Planning to Live to 100?
The U.S. Census Bureau projects the number of Americans ages 100 and older to more than quadruple over the next three decades, from an estimated 101,000 in 2024 more… U.S. Centenarians Projected to Quadruple Over Next 30 years
One way to fix America’s retirement system is to provide better access to housing equity in retirement, according to a recent paper published by economists Ben Harris and more… Improving Access to Home Equity Can Help Fix America’s Retirement System
The retirement planning landscape is getting a major facelift in 2024 as provisions of 2022’s SECURE Act 2.0 kick in, bringing key changes intended to expand workers’ savings more… How Secure Act 2.0 Improves Retirement Saving in 2024
U.S. households increased their total debt by $271 billion during Q4 2023 – roughly 19% more than the average for Q4 over the past 20 years. As a more… Yikes, Household Debt Spikes
ForbesHealth has compiled statistics and facts that further demonstrate a strong desire among older homeowners to age in place in their current homes but also underscores the need more… Aging In Place Statistics (2024)
The Retirement Security Project at The Brookings Institution convened an event recently that traced the evolution of retirement policy in recent decades and discussed the many ways to more… Brookings Institution Examines Evolution of Retirement Policy
The Employee Benefits Research Institute estimates that couples with high Medicare prescription drug expenditures will need $413,000 to have a 90 percent chance of having enough money to more… New Forecast: Couples May Need $413K For Future Healthcare
A 65-year-old retiree living in California can expect $1 million in savings to last under 14 years, while that amount will last almost 21 years in Texas. By more… How Long Will $1 Million In Retirement Savings Last In Your State?
More than 338,000 Americans moved to another state to retire in 2023, according to Census Bureau data analyzed by the online moving resource, Hire a Helper. Why it more… Seniors Flocked to These States in 2023
A recent article in Kiplinger’s Personal Finance offers advice for retirees who are thinking about selling their home and either downsizing or upsizing to a property that better more… For Boomers Who Can’t Downsize, a Reverse Mortgage Can Help
A new report by The Pew Charitable Trusts revealed that state-sponsored retirement savings programs have collectively reached over $1 billion in assets as of November. Why it matters: more… State-Sponsored Retirement Savings Programs Reach $1 Billion in Assets
Taxes on Social Security benefits and increased Medicare costs could impact retirees’ budgets in the new year, according to an article by Yahoo Finance. What they’re saying: “Because more… The Biggest Retirement Changes Coming In 2024
A new report from Morningstar suggests that the “4 percent” rule may be a safe option for retirees once again as investment portfolios recover from last year’s losses. more… Morningstar: 4 Percent Rule May Be Safe Again