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?
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.
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
HECM Handbook Training Module
The Federal Housing Administration introduced an online training module to highlight policy updates in the HECM section of the Single-Family Handbook 4001.1. During the 27-minute presentation, HUD officials … more HECM Handbook Training Module
Fed Report Shows 401(k) Holdings Increased 42 Percent Since 2019
Despite COVID and the economic disruption that it caused, the Federal Reserve’s 2022 Survey of Consumer Finances (SCF) found that the median 401(k) balance for working households nearing … more Fed Report Shows 401(k) Holdings Increased 42 Percent Since 2019
GNMA Annual Report Highlights HMBS Achievements
Ginnie Mae published its Fiscal Year 2023 Annual Report to highlight its programs and accomplishments from the past year, including steps taken to alleviate liquidity pressures that impacted … more GNMA Annual Report Highlights HMBS Achievements
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