Senators push bipartisan plan to ‘save Social Security’
Proposals come as policymakers and financial professionals warn of looming funding shortfalls and confusion about how the program works.
Reverse
Auto Added by WPeMatico
AARP awards $8.3M in senior-focused housing and community improvement grants
The funds come at a time when the U.S. population is aging rapidly and seniors are overwhelmingly expressing a desire to age in place in their current homes.
Aging in place is reshaping housing demand — and most homes aren’t ready
An expert expains why aging in place is shifting from preference to financial necessity — and what housing professionals need to know.
Retirement plan participation reaches record high, but financial pressures persist
Nearly two-thirds of retirement plans now automatically enroll new participants at contribution rates of at least 4%.
MBA launches forum for reverse mortgages, senior lending
The Mortgage Bankers Association (MBA) on Tuesday announced the launch of a new member forum dedicated to reverse mortgages and other senior-focused mortgage products.
Many older Americans stuck in homes that no longer fit
Housing professionals say that many older Americans are staying put because moving no longer makes financial sense.
Nest Egg Protection Act would raise capital gains tax exclusion for senior home sellers
Rep. Nicole Malliotakis proposes the Nest Egg Protection Act to raise the capital gains exclusion to $1M for longtime senior homeowners.
Social Security, Medicare solvency could be examined by bipartisan commission
Rather than advancing immediate policy changes, the panel would study financial outlooks and submit recommendations for lawmakers to consider.
Mutual of Omaha remains No. 1 as HECM endorsements fall 4.7% in May
May HECM endorsements fell to 1,967, down 4.7% from April. Mutual of Omaha Mortgage led with 423 and a 21.5% market share.
Fidelity data shows record retirement savings, rising Roth adoption
Combined employer and employee contributions for 401(k) savers hit 14.4%, approaching Fidelity’s suggested 15% target.