This surprise expense is likely to upend retirees budgets

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This surprise expense is likely to upend retirees’ budgets

Recent research from T-Rowe Price shows this expense is most likely to upend retirees’ budgets. Hint: it’s not healthcare…

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James E. Veale, MBT September 25, 2023 at 7:45 am

This coming Monday we should know how poorly this fiscal year’s total HECM endorsements compare to total HECM endorsements for each fiscal year over the last twenty fiscal years.

Don’t be surprised if the fiscal year ending 9/30/2023 (i.e., this fiscal year) turns out to be the second worst fiscal year for HECM endorsements in the last twenty fiscal years. Only fiscal year 2019 was worse.

CNAs (Case Number Assignments) for June and July 2023 are showing that total HECM endorsements for the first two months of fiscal year 2024 will have low total HECM endorsements. This indicates that there are no guarantees that total HECM endorsements for fiscal 2024 will be better than that same total for fiscal 2023. Could it worse for fiscal 2024?
For now there is no way to tell.

Doug September 27, 2023 at 10:08 am

It would be good to the percentage of retail HECMs vs the percent of Wholesale HECMs… My guess that the majority are retail since The retail dominate the search engines. .

The Cynic September 28, 2023 at 6:48 pm

The RMI reports provide the basic data you need to make those % calcs.


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