As Social Security turns 90, what will its future hold?
Benefits are set to be reduced in the next decade and recent policies may only worsen the program’s condition.
Retirement
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Outdated manufactured home? This reverse LO could save the day
Bill Smith of Reverse Mortgage West talks about a unique way to build new homes using the proceeds from a reverse mortgage.
Most Americans retire without a savings withdrawal plan
Retirement tech firm IRALogix says about half of American retirees don’t take a systematic approach to withdrawing their retirement assets.
The bank of mom and dad can strain retirement
The failure-to-launch trend among Gen Z has strained their parents’ finances, with real consequences for their retirement plans.
In Northern Virginia, senior housing has a supply-and-demand ‘disconnect’
Fairfax County, which borders the District of Columbia and is home to about 1.1 million residents, is experiencing a “disconnect” between its affordable housing supply and the number of seniors living on a fixed income.
What’s the best strategy for seniors to take required minimum distributions?
Derek Horstmeyer, a finance professor at George Mason University, gamed out three different but common strategies on RMDs in a column published by The Wall Street Journal.
Layoffs are blurring the retirement lines for seniors
For older people who wish to stay in the workforce, a layoff or buyout can radically change their financial picture.
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.”
Fairway, Longbridge lead reverse mortgage presence at The Gathering
Two reverse mortgage industry leaders break down some of the challenges and opportunities of serving senior homeowners.
How can senior living challenge aging in place preferences?
One retired senior care executive described the challenges of competing with aging in place during a recent virtual forum.