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
The number of households headed by a person aged 80 and over will more than double to nearly 17 million between 2021 and 2040. However, the United States more… The Challenges Caring For An Aging Population
Transamerica surveyed its policyholders about their experiences with long-term care, their biggest concerns, and how and where they prefer to receive care, if needed. Why it matters: As more… Transamerica Report Underscores Importance of LTC Planning
The Federal Trade Commission issued a report to Congress that found adults aged 60 and over lost $1.6 billion to fraud in 2022, but because the vast majority of more… FTC Issues Annual Report On Actions to Protect Older Adults
The Social Security Administration announced a 3.2 percent cost of living adjustment (COLA) for 2024, but a new survey conducted by The Senior Citizens League (TSCL) indicates that more… SSA Announces 3.2 Percent COLA For 2024
New research from the Transamerica Center for Retirement Research, titled Life in Retirement: Pre-Retiree Expectations and Retiree Realities, describes the retirement aspirations and insecurities of retirees and age more… Life in Retirement: Pre-Retiree Expectations and Retiree Realities
Living costs and inflation rates vary considerably around the country, which means a Social Security check or other retirement assets go farther in some regions than in others. more… True Cost of Growing Older in America
We all benefit from being able to go online. The internet keeps us entertained and connected, and during the times we can’t get out and socialise, it’s a more… Insights into digital banking
Our respected elders, who harbor a lifetime of experiences and wisdom, are a vital part of our communities. Unfortunately, it’s a sobering reality that approximately one in six individuals more… Guide to Elder Abuse and Home Safety
A new guide from the Consumer Financial Protection Bureau explains your rights and responsibilities as a reverse mortgage borrower.
In 2019, more than 3 million older Americans visited the emergency room because of fall-related injuries. That breaks down to five or six falls every minute. Data suggests more… Preventing Slips and Falls
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)
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 more… Do You Need Help Paying Your Taxes and Insurance?
As Americans with insufficient retirement savings leave the workforce over the next 20 years, they will severely strain state and federal budgets, resulting in increased public assistance costs, more… Pew: Americans’ Lack of Retirement Savings Could Cost Governments $1.3T
An analysis of Social Security “cost of living adjustments” (COLAs) compared to the actual costs of goods and services purchased by older Americans found that Social Security benefits more… Social Security Benefits Lose 36 Percent of Buying Power