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Social Security

Policy turmoil, fiscal uncertainty cause retirement hesitation

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Policy uncertainty is pushing older Americans to delay retirement, shift to conservative investments and boost their emergency savings, according to a new survey. The findings published last week by the Center for Retirement Research at Boston College show 21% of respondents who’ve yet to retire are postponing retirement while 33% are moving to safer portfolios. […]

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‘Six-figure limit’ aims to halt Social Security trust fund insolvency

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With the Social Security trust fund less than seven years from insolvency — at which point a 24% across-the-board benefit cut could be triggered — a new proposal suggests capping annual payouts for the nation’s wealthiest retirees. A white paper released by the Committee for a Responsible Federal Budget advocates for a “six-figure limit” that

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How policy uncertainty is reshaping senior retirement plans

Baby Boomer, Center for Retirement Research, Gen X, HWmember, Mortgage, Retirement, Reverse, Reverse Mortgage Daily, Social Security /

Growing uncertainty over Social Security, Medicare and fiscal policy has left many older Americans more concerned about their financial futures — with some delaying retirement and shifting to more conservative investment strategies. Findings from a new survey analysis by the Center for Retirement Research at Boston College offer critical insights for reverse mortgage professionals as

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Home equity props up retirees as savings fall short

Baby Boomer, Gen X, Home Equity, HWmember, Retirement, Reverse, Reverse Mortgage Daily, Social Security /

More than one-third of working-age Americans lack access to an employer-sponsored retirement plan, and those who do have median balances of just $40,000, according to a new study from the National Institute on Retirement Security (NIRS). The analysis of U.S. Census Bureau data from December 2022 paints a stark picture of retirement preparedness for the

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Social Security planning could open the door for reverse mortgage conversations

HWmember, National Reverse Mortgage Lenders Association, Retirement, Reverse, Social Security /

Reverse mortgage professionals struggling with consumer hesitation may find their most effective entry point isn’t home equity, but rather Social Security. That was the message from Thomas Drapala, director of strategic partnerships at the National Association of Registered Social Security Analysts (NARSSA), who on Thursday led a webinar hosted by the National Reverse Mortgage Lenders

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Retirement accounts become emergency funds as financial stress rises

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Long-term retirement accounts are increasingly serving as sources of emergency funds as American workers confront rising costs and persistent financial anxiety, according to multiple recent studies. Surveys from Allianz Life Insurance, Payroll Integrations and F&G Annuities and Life show Americans cutting back on retirement contributions and tapping savings meant for later life to cover immediate

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House approves funding boost for Social Security Administration

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The House of Representatives approved legislation last week to bolster customer service efforts at the Social Security Administration (SSA), advancing a broader funding package aimed at avoiding a government shutdown at the end of this month. Lawmakers paired the funding increase with oversight requirements, instructing the SSA to avoid closing field offices or cut direct

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New deduction may lower seniors’ Social Security tax burden

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The federal tax bill passed in mid-2025 includes a provision marketed as “no tax on Social Security,” but it does not eliminate taxes on benefits. Instead, the One Big Beautiful Bill Act expands deductions for older Americans, potentially reducing federal taxes for many retirees, a finance leader recently explained. A blog post by Luke Delorme

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Elon Musk says retirement savings could become ‘irrelevant’

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Elon Musk, the billionaire CEO of Tesla and SpaceX, stoked debate about the future of retirement savings by saying that in the coming years, traditional retirement planning could become “irrelevant” amid technological advances. “One side recommendation I have is: Don’t worry about squirreling money away for retirement in 10 or 20 years,” Musk said on

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Social Security proposals raise stakes for senior homeowners

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A wave of recent proposals from think tanks across the ideological spectrum argue that the ultimate solution for keeping Social Security viable lies in fundamentally changing how the program works. According to federal actuaries, Social Security’s trust funds are projected to be depleted by 2032. If Congress takes no action, benefits would be cut across

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