Kiplinger Personal Finance published an article that provided a list of key considerations before getting a reverse mortgage. What they’re saying: “Be sure to coordinate strategies with your more… 10 Things to Know About Reverse Mortgages
Adults aged 65 to 74 hold an average of $134,950 in debt, while individuals 75 and older hold an average of $94,620 in debt, according to Federal Reserve data more… Senior Debt Levels Increase Threefold Over Past 35 Years
The U.S. Department of Health and Human Services, through its Administration for Community Living, released a report that lays the groundwork for a coordinated effort to create a more… HHS Delivers Strategic Framework for National Plan on Aging
The Administration for Community Living released its 2023 Profile of Older Americans, illustrating the shifting demographics of Americans 65 and older.
Nearly half — 47 percent — of Americans plan to make a slow transition into their golden years rather than slamming the brake, according to a study released more… Some Americans Plan a ‘Slow-Roll’ Into Retirement
CNBC.com reported that four percent of today’s retirees described their retirement as “living the dream,” while another four percent said they are “living a nightmare,” according to a more… Four Percent of Retirees ‘Living the Dream,’ Survey Finds
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
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
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