Our expert faculty are frequent contributors to consumer-based media as well as to more scholarly academic publications. Keep current with recent developments in the retirement income planning field and check out the latest articles from the thought leaders who are part of the The American College New York Life Center for Retirement Income.
HUD's Office of Housing Counseling sent an email late last week to all approved Home Equity Conversion (HECM) counselors asking about their current workload and their potential availability to take on additional clients before the October 2 deadline.
A number of recent articles stated that the government’s new reverse mortgage changes (Mortgagee Letter 2017-12) will make the program less attractive to borrowers. However, this might have been an initial overreaction.
For many Boomers, there is a false confidence in their ability to save for the future. The American College of Financial Services found that 20 percent of Americans making under $1 million were financially literate about their savings.
One of the most important decisions you have to make in retirement is where you will live, said Jamie Hopkins. “Research from The American College of Financial Services has shown that most Americans want to live in their current home for as long as possible in retirement and age in place,” he said.
A new report by MassMutual raises questions about the current effectiveness of retirement savings initiatives and programs in the United States, as the overwhelming majority of respondents, roughly 72 percent, agreed that they are not saving enough for retirement.
Last November, expecting stock markets to fall off a cliff if Donald Trump were elected President, David Littell, a 64-year-old retirement expert, uncharacteristically panicked and sold off his stock holdings.
The American College for Financial Services conducted a 2017 survey in February-March 2017 of 1,244 Americans. The sample population had to be between ages 60-75, and must have had over $100,000 of assets excluding their principal residence.
The following ReverseVision experts, whose expertise on the Home Equity Conversion Mortgage (HECM) ranges from HUD guideline interpretation to market analysis to education, are available for interviews regarding HUD’s planned changes to the HECM program.
Like many of Barack Obama’s big ideas, the fiduciary rule had ardent backers as well as fervent opponents. “It’s a very simple principle,” the then US president said when setting out his plans in 2015. “You want to give financial advice, you’ve got to put your client’s interests first.”