Archive:
The National Council on Aging (NCOA) has redesigned its website providing information for “house rich but cash poor” older people who want to think about tapping their home equity. Home equity – the house’s market value minus the amount owed on the mortgage – remains a largely unused source of income that many older Americans could b…
So as to not lose my few remaining readers, I would like to wind up the discussion of Social Security replacement rates. And I think that I can do that on a positive note. The Congressional Budget Office (CBO) “flap,” where the agency admitted that it had miscalculated replacement rates, suggests two pieces of good…
