Gallup: More Non-Retired Americans Expect Retirement Comfort, Despite Lack of Savings

Constituting a near-record high, 57 percent of non-retired Americans expect their retirements to be comfortable after having saved enough money to adequately support expenses and lifestyle choices, according to a poll conducted by Gallup in April of this year. This is the highest recorded figure for this expectation from the longstanding polling organization since 2004. […]

U.S. News: Senior Mortgage Tips Include Reverse Mortgages

A mortgage finance expert describes how reverse mortgages can potentially act as a “lifesaver” for some seniors in specific financial situations, along with offering advice related to home equity levels and optimal financial planning strategies related to taking a reverse mortgage out. This is according to a new piece running down mortgage tips for seniors […]

Study: Marrying Later Could Delay Saving for Retirement

Delaying marriage until later in life could also delay the time at which a worker enrolls in a 401K savings account, and the amount of money that is contributed to it. This is according to a study conducted by Geoffrey T. Sanzenbacher and Wenliang Hou, members of the Center for Retirement Research at Boston College. […]

Seniors Twice As Likely To Work Now vs. 1985

Rising health care costs combined with a lack of sufficient retirement savings and benefit payments has caused a higher rate of seniors to forego their retirements and continue working, making the idea of leaving work behind more stressful than sought after. This is according to a study conducted and released by money management firm United […]

Retirement Confidence Rebounds, Hits All-Time High

With a generally stronger economy in the United States and a high level of performance in the stock market, confidence in the ability for workers and retirees to fund their post-work lives has increased to all-time highs. This is according to the 2019 Retirement Confidence Survey Summary Report, conducted and released by the Employee Benefit […]

WaPo: People Aren’t Saving Enough for Retirement

While homeownership may not solve all of the problems concerning bolstering one’s own net worth or issues that could come out of needing flexibility to move, making decisions early in life about the most efficient ways to save for the years they won’t be working is often a key to financial stability late in life. […]

Pension Funding Becomes More Difficult for State, Local Governments

State and local governments are having increasing levels of difficulty in meeting their pension payment obligations, a problem exacerbated by the retirement of former government employees that are part of the baby boomer generation according to a new report by National Public Radio (NPR). In the city of Houston, Texas, for instance, the initial $2.4 […]

These 12 States Allow Older Homeowners to Defer Property Taxes

Reverse mortgage products allow senior borrowers the ability to eliminate their monthly forward mortgage payment, while also allowing access to a home equity line of credit. One of the key borrower requirements, however, is their ability to pay mortgage insurance premiums, costs associated with their home’s upkeep and the payment of associated property taxes. However, […]

Overcoming Low-Income Seniors’ Financial Challenges

People over the age of 50 with low-to-moderate incomes are facing an increasingly intense and unique set of financial challenges as traditional late-life retirement funding options, like an employer’s pension, become less available. This is according to a study conducted jointly by the Center for Financial Services Innovation (CFSI) and the AARP Foundation, the charitable […]