More than 338,000 Americans moved to another state to retire in 2023, according to Census Bureau data analyzed by the online moving resource, Hire a Helper. Why it … more Seniors Flocked to These States in 2023
Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.
More Kids Living with Their Grandparents
Since 2000, the share of children in the U.S. living with at least one grandparent has increased by more than 36%, from 9.3% to 12.7%, according to research … more More Kids Living with Their Grandparents
GNMA Exploring Enhancements to HMBS Program
Ginnie Mae is exploring a new securitization option that would allow HECMs with balances above 98 percent of FHA’s Maximum Claim Amount to be pooled into securities. Yes, … more GNMA Exploring Enhancements to HMBS Program
How Long Will $1 Million In Retirement Savings Last In Your State?
A 65-year-old retiree living in California can expect $1 million in savings to last under 14 years, while that amount will last almost 21 years in Texas. By … more How Long Will $1 Million In Retirement Savings Last In Your State?
Top Retirement Stats for 2024
As we adapt to the new year, more Americans are identifying their top personal finance and retirement-related mistakes of 2023. Clever, a real estate data company, compiled 99 … more Top Retirement Stats for 2024
NRMLA’s Advocacy Efforts: Year In Review
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From the Top: David Heilman, CRMP, Principal Owner, Homegrown Financial, LLC
David Heilman, CRMP, began his reverse mortgage career in 2007 when he landed a job with Franklin Funding, a mortgage brokerage in Charleston, SC. His job role focused … more From the Top: David Heilman, CRMP, Principal Owner, Homegrown Financial, LLC
Morningstar: 4 Percent Rule May Be Safe Again
A new report from Morningstar suggests that the “4 percent” rule may be a safe option for retirees once again as investment portfolios recover from last year’s losses. … more Morningstar: 4 Percent Rule May Be Safe Again
The Biggest Retirement Changes Coming In 2024
Taxes on Social Security benefits and increased Medicare costs could impact retirees’ budgets in the new year, according to an article by Yahoo Finance. What they’re saying: “Because … more The Biggest Retirement Changes Coming In 2024
Survey: Boomers Face $291K Retirement Shortfall
Non-retired Baby Boomers (ages 59-77) believe it will take $924,897 to retire comfortably, yet they expect to save $633,401 — a shortfall of $291,496, according to the Schroders … more Survey: Boomers Face $291K Retirement Shortfall
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