The National Council on Aging has put together a comprehensive guide of resources for older adults living alone, empowering them to thrive independently and access essential services. As more… Resources and Support for Older Adults Living Alone: A Comprehensive Guide (2023)
More Americans have been downsizing their living spaces in recent years. According to Realtor Magazine, people looking to downsize accounted for 28% of real estate transactions in 2020. Although more… A Comprehensive Guide to Downsizing Your Home (2023)
Eighty percent of U.S. households with older adults, or roughly 47 million households, are financially struggling today or are at risk of falling into economic insecurity as they more… NCOA: 47 Million Older Households Facing Financial Risks
To help alleviate retirees’ biggest concern that they will run out of money in retirement, two of the world’s largest retirement plan providers, State Street Global Advisors and more… 401(k) Retirement Accounts Could See Some Big Changes
Working Americans ages 45 and older believe it will take $1.1 million in savings to retire comfortably, yet the majority (59 percent) expect to have less than $500,000 more… Americans Need $1.1M For Retirement, But Few Think They Will Get There
Fidelity Investments® released its latest Retirement Savings Assessment, which revealed that America’s Retirement Score has moved back into the yellow to 78, a five-point decline from an all-time more… America’s Retirement Score’ Drops to 78
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 more… The Advantages And Disadvantages Of Raising The Retirement Age
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 more… What Is a Reverse Mortgage & What Does It Mean to Me?
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… NCOA Launches Online Tool to Help Older Adults Manage Finances
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 more… How and When to Tap Home Equity 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 more… The Challenges of Living Alone in Retirement
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 more… Goldman Sachs: Competing Priorities Hinder Retirement Saving For Women
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 more… Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
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 more… What is a reverse mortgage and how can it help you make ends meet?
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 more… Report: Almost Half of Baby Boomers Still Working Past Age 70
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 more… Social Security Announces 8.7 Percent Benefit Increase for 2023
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 more… Kiplinger: Worried About Inflation? A Reverse Mortgage Can Generate Cash
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 more… Study: Oregon’s Auto-IRA Program Making Progress