Up to 2 million Americans could see their Social Security payments reduced by 50% in late July as the Social Security Administration (SSA) is cutting payments to recoup the billions of dollars it overpaid to some Americans in recent years. In April, the SSA announced that it would begin recovering about $72 billion in improper […]
Are seniors getting reduced Social Security or a tax break? Read More »
Growing fears of a retirement crisis in the U.S. are no secret as Americans face a future that potentially includes fewer Social Security benefits. But the uncertainty of Social Security is not the only thing that seniors should consider as they seek to safeguard their financial well-being. Over the weekend, The New York Times detailed
IRS stipulation could have consequences for seniors in a declining stock market Read More »
This week at The Gathering by HousingWire, reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Dan Ventura, the president of reverse mortgage lending at Fairway Independent Mortgage Corp., and Chris Mayer, CEO of Longbridge Financial, spoke in front of the assembled professionals
Fairway, Longbridge lead reverse mortgage presence at The Gathering Read More »
As it has grown more popular for older people to choose to age in place in their existing homes, this has become a challenge for the senior living industry. While dedicated senior living facilities can offer a sense of community and enticing amenities, the cost may often be out of reach for many potential customers,
How can senior living challenge aging in place preferences? Read More »
When you think about the best states for aging in place, the choice retirement destinations likely spring to the top of the list. After all, with high and growing populations of older residents, wouldn’t these states be an ideal place to call home in later life? Not according to a new report from Seniorly Resource
The best state to age in place is not where you think Read More »
As the preference to age in place continues to dominate among those planning out their later lives, people actually living with the preference may find they need to make adjustments to certain parts of their routines to accommodate costs, access services and maintain social relationships. One key tool that might be able to assist with
How important is public transit for aging in place? Read More »
Depending on where you look for economic news, you may come away with your head spinning. While consumer sentiment surveys are down — with recent changes tied to trade policy announcements with China — the U.S. economy has remained in mostly resilient territory due to consumer spending. But why is there an apparent disconnect between
As consumer sentiment remains low, is the ‘silver tsunami’ keeping the economy humming? Read More »
Social Security benefits are often a key for older Americans as they seek to determine how much money they will be able to live on in retirement. But the program has been a source of stress in the federal government for years, exacerbated by the unwillingness of lawmakers to make any major changes to the
Social Security sees ‘dramatic’ spike of 276,000 applications Read More »
While on its face it represents positive momentum for health in the U.S., rising life expectancy also comes with a key financial concern — longevity risk, or the potential for someone to outlive their retirement savings. This is a key challenge that many prospective retirees may not be ready for. This is according to research
Americans are living longer — but they aren’t prepared for retirement impacts Read More »
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