While job switchers on average experience a ten percent increase in pay when changing employers, they’re also likely to see a drop in retirement savings rates, according to … more Multiple Job Transitions Could Result in $300K Retirement Savings Loss
Reference Section
SSA Announces 2.5 Percent Cost of Living Adjustment for 2025
The Senior Citizens League (TSCL) reported that, on average, retired workers’ Social Security checks will increase by an estimated $48 on January 1, from $1,920 to $1,968. After … more SSA Announces 2.5 Percent Cost of Living Adjustment for 2025
Senate Aging Committee Holds Faud Hearing
The U.S. Senate Special Committee on Aging held its annual hearing to discuss the latest trends involving theft against older adults. The hearing coincided with the release of … more Senate Aging Committee Holds Faud Hearing
National Strategy to Support Family Caregivers
The U.S. Department of Health and Human Services, through its Administration for Community Living (ACL), delivered to Congress a progress report on federal implementation of the 2022 National … more National Strategy to Support Family Caregivers
HUD Updates Counseling Delivery Options
The Department of Housing and Urban Development published a final rule to allow housing counseling agencies to use alternative communication methods, including virtual meeting tools, instead of providing … more HUD Updates Counseling Delivery Options
Big Changes Coming to Medicare Part D and Medicare Advantage
Medicareresources.org, an online resource for consumers, advises seniors to pay close attention to their mail leading up to the annual Medicare open enrollment period, which begins on October … more Big Changes Coming to Medicare Part D and Medicare Advantage
Mental Health Struggles Among Older Adults During the Pandemic
Older adults experienced fewer mental health challenges than younger adults during the COVID-19 pandemic but new research shows anxiety and depression levels among those 65 and older varied … more Mental Health Struggles Among Older Adults During the Pandemic
Survey Examines Middle-Class Finances, Retirement Preparations
According to a new survey published by the Transamerica Center for Retirement Studies, almost seven in 10 middle-class Americans are confident that they will be able to fully … more Survey Examines Middle-Class Finances, Retirement Preparations
HUD Finalizes Debenture Interest Updates
The Federal Housing Administration published updates for the payment of debenture interest on HECM claims and established a process for adjusting debenture interest for claims already filed for loans … more HUD Finalizes Debenture Interest Updates
DC Relaunches Reverse Mortgage T&I Program
The District of Columbia Housing Finance Agency will provide up to $40,000 under its Reverse Mortgage Insurance & Tax Payment Program (ReMIT) to help eligible homeowners pay delinquent … more DC Relaunches Reverse Mortgage T&I Program
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