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Retirement

As retirement slips further away, workers prioritize stability and senior home equity

Affordability, Aging in Place, Baby Boomer, Gen X, HWmember, Mortgage, NRMLA, Retirement, Reverse, Reverse Mortgage Daily /

America’s workers are clinging to their jobs at a decade-low quit rate of 2%, driven by fear rather than fulfillment, new data shows. The research from Economist Enterprise surveyed 2,063 full-time employed Americans ages 18 to 62 across industries, including energy, manufacturing, media, financial services and government. It found that 62% of workers now prioritize […]

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Policy turmoil, fiscal uncertainty cause retirement hesitation

Baby Boomer, Boston College, Gen X, HWmember, Retirement, Reverse, Social Security /

Policy uncertainty is pushing older Americans to delay retirement, shift to conservative investments and boost their emergency savings, according to a new survey. The findings published last week by the Center for Retirement Research at Boston College show 21% of respondents who’ve yet to retire are postponing retirement while 33% are moving to safer portfolios.

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How policy uncertainty is reshaping senior retirement plans

Baby Boomer, Center for Retirement Research, Gen X, HWmember, Mortgage, Retirement, Reverse, Reverse Mortgage Daily, Social Security /

Growing uncertainty over Social Security, Medicare and fiscal policy has left many older Americans more concerned about their financial futures — with some delaying retirement and shifting to more conservative investment strategies. Findings from a new survey analysis by the Center for Retirement Research at Boston College offer critical insights for reverse mortgage professionals as

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Finance of America expands HomeSafe Second reverse mortgage to three more states

Finance of America, HELOC, Home Equity, HWmember, Mortgage, Retirement, Reverse, Reverse Mortgage Daily /

Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage,

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Seniors want to age in place, but family caregivers face strains on multiple fronts

Aging in Place, Baby Boomer, Healthcare, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

As America’s population continues to grow older, family members are increasingly stepping into demanding roles as caregivers — which often comes at considerable personal cost. A Pew Research Center survey of 8,750 U.S. adults found that one in 10 reports serving as a caregiver for a parent 65 or older. Another 3 % care for a

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Study finds 65-year-olds need $135K for long-term care

Aging in Place, Healthcare, HWmember, Long-term care, Retirement, Reverse /

A new report from consulting firm Milliman concludes that the average 65-year-old should set aside $135,000 to cover high-intensity long-term care in the future. But averages can mask wide variation depending on gender, location and health.   Women face significantly higher costs than men — an average of $171,000 versus $98,000 — largely because women

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Trump 401(k) plan, if expanded, could advance universal retirement

Donald Trump, HWmember, Politics, Retirement, Reverse, Trump administration /

A recent op-ed argues that President Donald Trump’s proposal to expand access to 401(k)-style retirement plans could become a meaningful step toward a universal savings system — but only if it goes further than currently outlined. Karl Polzer, founder of the Center on Capital and Social Equity, wrote that roughly half of American workers lack

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Retirement planning faces longevity risk as Americans live longer

Financial Adviser, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

Advancements in health care mean that Americans are living longer than ever. Data from the National Center for Health Statistics shows that U.S. residents born in 2024 have an average life expectancy of 79, an increase of more than six months compared to 2023. While a longer life span is positive news, it also means

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Older women worry about retirement security, making them prime reverse mortgage candidates

AARP, Affordability, HECM, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

Women who are 50 and older are feeling the pinch of rising costs and economic uncertainty, even as they enjoy time with their family and hobbies, according to a new AARP survey. The research, part of AARP’s “She’s the Difference” series, highlights financial concerns that weigh heavily on older women — particularly when it comes

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Property tax burdens vary widely as states debate senior relief

Affordability, Baby Boomer, Florida, Gen X, Housing Market, HWmember, Ohio, Property Tax, Retirement, Reverse, Tennessee, Texas /

Property taxes can feel like a minor nuisance in some states and a crushing expense in others — a reality detailed in a new WalletHub analysis. The average U.S. household pays $3,119 per year in property taxes, according to U.S. Census Bureau data cited in the report. Even renters are affected. Roughly 35% of households

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