IRS stipulation could have consequences for seniors in a declining stock market
Required minimum distributions are taxed as income and “can be painful when retirees have to sell assets in a falling market.”
New York Times
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Social Security sees ‘dramatic’ spike of 276,000 applications
The increase in applicants was partially attributed to economic anxiety from volatile markets and uncertainty about the program’s longevity.
Trump administration eyes deep cuts to Section 8 housing vouchers
According to The New York Times, the Trump administration is considering dismantling existing aid and replacing it with state-run grants.
Tariff policy could inspire renewed talk of reverse mortgage as ‘buffer asset’
Wade Pfau recommended reverse mortgage lines of credit as ‘buffers’ during the pandemic, which could make a comeback amid tariff policy.
NYC council approves sweeping plan that includes 82,000 homes
The “City of Yes” plans calls for the construction of 82,000 new homes over the next 15 years to address the Big Apple’s housing crisis.