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What’s the best strategy for seniors to take required minimum distributions?

HWmember, Internal Revenue Service, Retirement, Reverse, Tax /

Tax-deferred retirement accounts are a necessary source of income for seniors looking to age in place. But it can be confusing to navigate the options for taking the required minimum distributions (RMDs) from the account as mandated by the IRS — especially given the tax implications. What’s the best approach for seniors as they plan […]

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Are seniors getting reduced Social Security or a tax break?

HWmember, Retirement, Reverse, Social Security, Social Security Administration, Tax, Trump administration /

Up to 2 million Americans could see their Social Security payments reduced by 50% in late July as the Social Security Administration (SSA) is cutting payments to recoup the billions of dollars it overpaid to some Americans in recent years. In April, the SSA announced that it would begin recovering about $72 billion in improper

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Reverse mortgage metrics dipped slightly in June

HECM, HMBS, HWmember, New View Advisors, Reverse, Reverse Mortgage Insight /

The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too. According to the June report from Reverse Mortgage Insight, Home Equity Conversion Mortgage (HECM) endorsements dropped to 2,244 loans, down 2.3% compared to May and part of a sinking trend that resumed after an

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What’s in Trump’s ‘Big Beautiful Bill’ for seniors?

Congress, House of Representatives, HWmember, Legislation, Low-Income Housing Tax Credit, Reverse, Senate, Tax, Trump administration /

President Donald Trump’s “Big Beautiful Bill” is headed back to the House for reconciliation after passing the Senate with a tiebreaking vote from Vice President JD Vance. The 1,116-page multitrillion-dollar bill contains some key changes for older Americans, including a senior bonus tax deduction that would offset taxes on Social Security. But the bill also

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Longbridge’s Melissa Macerato on how the latest proprietary reverse product came to be

Home Equity, HWmember, Longbridge Financial, Reverse /

In May, Longbridge Financial debuted Platinum Preserve, a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs. RMD spoke to Longbridge co-founder Melissa Macerato about the product’s origins, how industry pros have received it thus far, and how it differs from other Platinum line products. The interview with Macerato, the

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Record-high home equity provides opportunity for the reverse mortgage industry

Harvard University, HECM, Home Equity, HWmember, Joint Center for Housing Studies, Reverse /

Soaring prices and increasingly strained affordability have made things difficult for prospective buyers shopping for their first home. But for households that own their home already, rising prices have been a wealth bonanza. That’s evident in data from the annual State of the Nation’s Housing Report from Harvard University’s Joint Center for Housing Studies (JCHS),

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The concerning math behind aging-in-place

Aging in Place, Home Equity, HWmember, Nationwide, Reverse /

Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home. That’s according to insurance company Nationwide‘s 2025 Nationwide Retirement Institute Long-Term

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The importance of meeting older customers where they are with AI technology

Appraisals, Artificial Intelligence, HWmember, Longbridge Financial, Reverse, Technology /

The expanding ubiquity of artificial intelligence (AI) across all facets of life is not showing any signs of a slowdown — and that includes its interactions with the reverse mortgage industry. Bill Packer, chief operating officer of Longbridge Financial, previously explained how senior-focused tailoring of AI systems can help overcome issues tied to perceived institutional

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Redfin data reinforces boomers’ desires to remain in their homes

Aging in Place, Baby Boomer, Gen X, Gen Z, HWmember, Millennials, Redfin, Reverse /

Adding fuel to what the baby boomer generation has been consistently saying for some time, a new Redfin survey shows that one-third of all boomer homeowners have no intention of selling their home. This further legitimizes claims that a “silver tsunami” of housing inventory is unlikely to materialize from older homeowners. While another 30% said

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