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
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.
U.S. Gets a C+ On Retirement
When compared to 47 other countries, the U.S. retirement system ranked 22 and received an overall C+ grade, according to the latest Mercer CFA Institute Global Pension Index, … more U.S. Gets a C+ On Retirement
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
An Overview of Reverse Mortgage History
NRMLA has created the following infographics that highlight key moments in the history of reverse mortgages and the FHA Home Equity Conversion Mortgage program. Please click on the … more An Overview of Reverse Mortgage History
Senate Special Committee on Aging Holds Hearing on AI Scams
The U.S. Senate Special Committee on Aging held a hearing that examined how Artificial Intelligence (AI) can be utilized by scammers. During the hearing, Committee Chairman Bob Casey … more Senate Special Committee on Aging Holds Hearing on AI Scams
Fidelity: More Workers Taking Money From 401(k)s to Pay Bills
While retirement savings behaviors remain strong, Fidelity Investments® reported an uptick in hardship withdrawals and 401(k) loans in its Q3 2023 retirement analysis as workers struggle with short-term … more Fidelity: More Workers Taking Money From 401(k)s to Pay Bills
The Challenges Caring For An Aging Population
The number of households headed by a person aged 80 and over will more than double to nearly 17 million between 2021 and 2040. However, the United States … more The Challenges Caring For An Aging Population
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