The federal reverse-mortgage limit rose to $1,249,125 in 2026, letting seniors borrow more against their homes
Seniors with high-value homes will be able to tap significantly more equity through federally insured reverse mortgages starting Jan. 1, 2026. The Department of Housing and Urban Development raised the maximum claim amount for Home Equity Conversion Mortgages from $1,209,750 to $1,249,125, a jump of $39,375 that tracks rising home prices nationwide. The increase means […]
Read MoreThe federal reverse-mortgage limit rose to $1,249,125 in 2026, letting seniors borrow more against their homes
Seniors with high-value homes will be able to tap significantly more equity through federally insured reverse mortgages starting Jan. 1, 2026. The Department of Housing and Urban Development raised the maximum claim amount for Home Equity Conversion Mortgages from $1,209,750 to $1,249,125, a jump of $39,375 that tracks rising home prices nationwide. The increase means […]
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Smart Spending
Macy’s is closing 150 stores through 2026, so shoppers should spend gift cards and rewards before their store shuts
Shoppers holding Macy’s gift cards or loyalty rewards face a shrinking window to use them. The retailer disclosed plans to…
Personal Finance
Smart Spending
Macy’s is closing 150 stores through 2026, so shoppers should spend gift cards and rewards before their store shuts
Shoppers holding Macy’s gift cards or loyalty rewards face a shrinking window to use them. The retailer disclosed plans to…
Markets & Investing
Banking & Credit Cards
Fraud & Scams
A free credit freeze at all three bureaus blocks new-account fraud
Any consumer in the United States can place a credit freeze at Equifax, Experian, and TransUnion at no cost, blocking lenders from viewing the frozen...
Fraud & Scams
The FTC is mailing $2.8 million in refunds to homeowners charged by a phony mortgage-relief operation
Nearly 1,821 homeowners who paid upfront fees to a fraudulent mortgage-relief operation are receiving refund checks from the Federal Trade Commission, with payments totaling more...
Fraud & Scams
Comcast and Xfinity customers can claim cash and free identity protection from a $117.5 million breach settlement by September 14
Roughly 35 million current and former Xfinity customers whose personal data was exposed in a 2023 breach now have two months left to file claims...
Fraud & Scams
12,400 older Americans each lost at least $100,000 to scams last year, and a few habits guard your savings
At least 12,400 Americans age 60 and older each reported losing $100,000 or more to fraud schemes last year, with average individual losses topping $38,000...
Bank Accounts & Fees
The $35 overdraft fee is mostly gone at big banks, but small banks and credit unions still charge it
Consumers at the largest U.S. banks have seen the traditional $35 overdraft fee all but disappear after federal regulators rewrote the rules governing how those...
Bank Accounts & Fees
Top high-yield savings accounts now pay 4.50% while the national average sits at 0.38%
Savers who keep cash in a standard bank account are earning a fraction of what top-tier alternatives now pay. The gap between the best available...
Real Estate
Mortgages & Rates
The federal reverse-mortgage limit rose to $1,249,125 in 2026, letting seniors borrow more against their homes
Seniors with high-value homes will be able to tap significantly more equity through federally insured reverse mortgages starting Jan. 1,…
Retirement & Taxes
Social Security averages your highest 35 years, so one more working year can replace a zero and lift your check
Medicare’s next round of price cuts covers 15 drugs and should save $12 billion a year starting in 2027
About $30 billion in benefits for older Americans, from Medicare savings to SSI, goes unclaimed every year
Medicare’s fall enrollment runs October 15 to December 7, and 2027 plans must match Original Medicare on mental-health costs
Giving away money within five years of applying for Medicaid nursing-home coverage can trigger a penalty
41 hospital systems have now dropped Medicare Advantage across 25 states, forcing patients to pay or switch
Social Security disability checks convert to retirement checks at full retirement age, with no drop in the amount
Six senators from both parties want to force a Social Security fix before the fund falls short in 2032