As few future retirees feel secure about their savings for their golden years, financial and retirement experts recently gathered to create a more comprehensive plan for America’s seniors. The Aspen Leadership Forum on Retirement Savings joined together more than 80 financial researchers, policymakers, entrepreneurs, and others to address the rising retirement concerns and to discuss […]

To relieve some of the financial burden on widows, Social Security policy experts should looking to modernize the program by increasing the benefit dedicated to these surviving spouses, according to a new brief from the Center for Retirement Research at Boston College. The Social Security widows benefit has been in place since 1939, created during […]

Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from […]

As the aging population grows and seniors struggle with shrinking retirement benefits, home-sharing is gaining in popularity with baby boomers who want to bring in some extra income — and could emerge as an alternative to tapping into home equity. One company offering this service is the Denver-based Silvernest, which matches senior homeowners with renters […]

After crunching all the numbers, Realtor.com has released a list of the most and least expensive places where the rapidly expanding baby boomer population can spend their retirement years. Realtor.com looked at cities already popular for seniors, and, not surprisingly, three of the most affordable locations are in Florida, with Sebring, Fla. and its $180,000 […]

A recent article from a well-known reverse mortgage proponent suggested that rules regarding cross-selling the loans and other financial products may have gone too far — a suggestion that was met with both caution and some qualified support from the larger Home Equity Conversion Mortgage community. “A borrower who uses a HECM to finance the […]

Adult children of elderly Americans often worry about their parents’ social and physical well-being, and a recent report from the New York Times shows how that concern should also extend to financial health. The paper told the story of Aerielle Dewart, an 84-year-old Manhattan woman whose investment broker at J.P. Morgan made a series of […]