A recent survey of 750 American retirees conducted by Motley Fool found that 55 percent don’t believe the 8.7 percent cost-of-living adjustment for 2023 announced by the … more Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
Industry News & Reference
Senate Committee Holds Hearing on Stopping Senior Scams
The U.S. Senate Special Committee on Aging held a hearing recently titled “Stopping Senior Scams: Empowering Communities to Fight Fraud.” Ranking Member Tim Scott (R-SC) and Chairman Bob Casey … more Senate Committee Holds Hearing on Stopping Senior Scams
Study: Americans Need $1.25 Million to Retire Comfortably
The latest findings from Northwestern Mutual’s 2022 Planning & Progress Study reveal that U.S. adults aged 18+ anticipate they will need $1.25 million to retire comfortably, a 20 percent rise … more Study: Americans Need $1.25 Million to Retire Comfortably
Report: Almost Half of Baby Boomers Still Working Past Age 70
A new survey from the Transamerica Center for Retirement Studies® finds almost half of Baby Boomer workers (49 percent) expect to or already are working past age 70 … more Report: Almost Half of Baby Boomers Still Working Past Age 70
HUD Publishes Proposed Rule on LIBOR Transition
The U.S. Department of Housing and Urban Development published a proposed rule this week that would replace the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate … more HUD Publishes Proposed Rule on LIBOR Transition
Report Highlights Pandemic Innovations For Older Adults
A new report published by the Joint Center for Housing Studies and The Hastings Center highlights lessons and innovations learned from the COVID pandemic that could become … more Report Highlights Pandemic Innovations For Older Adults
Study: Retiring By 65 Will Be a Challenge For Many Americans
The Stanford Center on Longevity (SCL), in partnership with Finance of America Reverse, published a new study, titled “Disconnected: Perceptions vs. Reality in Retirement Planning,” that finds … more Study: Retiring By 65 Will Be a Challenge For Many Americans
U.S. Drops to 18th Place in Global Retirement Rankings
Rising inflation and a volatile stock market contributed to the United States falling from 17th to 18th place among the top 44 industrialized nations in the 2022 Global Retirement Index … more U.S. Drops to 18th Place in Global Retirement Rankings
Helping Your Clients After a Natural Disaster
If you have clients in Puerto Rico or Florida, please consider sharing the Consumer Financial Protection Bureau’s consumer guide, Your Reverse Mortgage After a Natural Disaster. The resource guide … more Helping Your Clients After a Natural Disaster
Reverse Mortgages Mentioned in “Late-In-Life” Decisions Guide
The Society of Actuaries, in partnership with Financial Finesse, a financial wellness firm, published the “Late-in-Life Decisions Guide” to help aging individuals navigate life’s changes and to … more Reverse Mortgages Mentioned in “Late-In-Life” Decisions Guide
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