#retirement-security

#retirement-security

Shannon Hicks, co-founder of Reverse Focus and editor in chief of HECMWorld, said in video published Monday that even though the proposal sounds like an easy and attractive solution, it comes with major drawbacks. While the change could help buyers access the housing market, Hicks warns it could weaken long-term retirement security. Under current law, early withdrawals face a 10% penalty and income taxes. The proposal would remove the penalty but not the taxes.

The RMMI increased to a reading of 511.99 up from 502.47 in the prior quarter and the highest level since the index was launched in 2000. The data tracks long-term trends in senior home values and equity to gauge potential demand for reverse mortgages. The latest release of the RMMI underscores the extraordinary level of housing wealth held by older Americans, NRMLA President Steve Irwin said.

I'm fascinated by Americans over 80 who are still working - either because they want to, have to, or both. Older workers long past retirement age are the fastest-growing sector of the US labor market. They're twice as likely to be in the workforce now as they were in the early 1990s. For the past year, Business Insider has explored why this cohort is growing. What's driving it? And what are the repercussions?

According to the 2025 National Association of Realtors' Home Buyers and Sellers Generational Trends Report, 43% of younger millennials carry a median student debt of $30,000 with around 29% of older millennials having a median debt of $35,000. That's on top of the average millennial's credit card debt of $6,691, per Experian. Retirement? Seventy-five is optimistic. The American dream we were promised is behind us, and millennials, also known