Elon Musk says retirement savings could become ‘irrelevant’
Musk’s perspective stands in contrast to ongoing economic realities for many Americans, especially older adults preparing for retirement.
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Unexpected retirement expenses can strain senior homeowners
Researchers found that unexpected costs are the norm, not the exception. In any given year, 83% of retired households experience at least one unexpected expense.
Social Security proposals raise stakes for senior homeowners
A wave of recent proposals argue that an ultimate solution lies in fundamentally changing how Social Security works.
Tennessee official floats full property tax reimbursement for seniors
Rob Mitchell, the property assessor for Rutherford County, said the Tennessee Golden Homeowners Tax Relief Program would cover the full amount of property taxes assessed on the primary residences of qualifying residents ages 65 and older.
Aging America reshapes retirement, exposes divides
The experience of aging remains sharply unequal, shaped by gaps in savings, access to workplace plans and the rising cost of health care.
NRMLA backs New Jersey bill clarifying reverse mortgage rules
NRMLA said the current statute does not align with how reverse mortgages are structured or used by older homeowners.
Judge blocks key Hometap defenses in Massachusetts HEI lawsuit
The state alleges that Hometap’s flagship home equity investment (HEI) product is an “illegal, deceptive, oppressive and unconscionable mortgage that violates the criminal usury statute.”
NRMLA speaks out on the future of federal reverse mortgage programs
After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions.
HECM endorsements spike in November amid shutdown backlog
Home Equity Conversion Mortgage (HECM) endorsements saw an artificial increase in November due to the government shutdown, an effect that may continue into December.
MBA lays out proposed changes for federal reverse mortgage programs
MBA proposes seven reforms for the HECM and HMBS programs, including new securitization options and changes to mortgage insurance premiums.