401(k) Plans Providing Less Retirement Income

A new Issue In Brief published by the Center for Retirement Research at Boston College, titled How Has the Shift to 401(k) Plans Affected Retirement Income, finds that employer-sponsored defined contribution plans are providing less income today than in the past. Although theoretical calculations show that participants in 401(k) and other defined contribution plans who … more 401(k) Plans Providing Less Retirement Income

Divorce Rates Climb for America’s 50+ Population

While divorce is less common for younger adults, so-called “gray divorce” is on the rise among U.S. adults aged 50 and older, with the divorce rate doubling since the 1990s, according to new article published by the Pew Research Center, titled Led by Baby Boomers, divorce rates climb for America’s 50+ population. Analyst Renee Stepler … more Divorce Rates Climb for America’s 50+ Population

Latest Data Profile of Older Americans: 2016

The Administration on Community Living published its annual statistical report on America’s aging population, titled A Profile of Older Americans: 2016. The profile covers 15 topical areas including population, income and poverty, living arrangements, education, health and caregiving. Highlights: Over the past 10 years, the population 65 and over increased from 36.6 million in 2005 to 47.8 … more Latest Data Profile of Older Americans: 2016

HMBS February 2017: After January Delirium, February Equilibrium

The HMBS market returned to equilibrium in February, with both new issuance and outstanding float matching previous levels. Issuers created 97 pools in February totaling nearly $713 million. HMBS production was very similar to November and December 2016, but down significantly from January’s $868 million, which included large seasoned pools. The February pools divided into … more HMBS February 2017: After January Delirium, February Equilibrium

Pre-Retirees Overly-Optimistic About How Much They Can Withdraw in Retirement

When Fidelity Investments recently asked just over 1,000 pre-retirees what percentage of savings financial experts suggest they should withdraw annually in retirement, 19 percent said the recommended figure was seven percent to nine percent a year. That’s an amount most retirement experts would agree puts them at high risk of outliving their nest egg, according … more Pre-Retirees Overly-Optimistic About How Much They Can Withdraw in Retirement

Boston College: 20 Percent of Americans Perceive Incorrectly That They Are Prepared for Retirement

A new Issue in Brief published by the Center for Retirement Research at Boston College this week examined whether households identified in the National Retirement Risk Index as being “at risk” recognize their situation. According to the analysis, Do Households Have a Good Sense of Their Retirement Preparedness?, almost 60 percent of American households believe … more Boston College: 20 Percent of Americans Perceive Incorrectly That They Are Prepared for Retirement

Financial Assessment Works

Financial Assessment is working. FHA’s new policy of requiring financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by two-thirds and serious defaults almost in half, according to an analysis by New View Advisors. FHA’s objective for the new Financial Assessment regulations was to reduce the persistent defaults, especially … more Financial Assessment Works

Building Acceptance of Reverse Mortgages

Improving reverse mortgage financial literacy, reducing borrowing costs and expanding product options are among a list of recommendations put forth by the Urban Institute to help ease barriers to home equity extraction in new study titled “What’s stopping seniors from accessing the wealth stored in their home equity?” “Seniors are sitting on a mountain of … more Building Acceptance of Reverse Mortgages