#retirement-finance

#retirement-finance

Ideas cited by the Brookings Institution from the Progressive Policy Institute, the American Enterprise Institute (AEI) and the Cato Institute all recommend shifting the program away from its current wage-replacement structure toward a flat benefit aimed primarily at preventing poverty in old age. Supporters say a flat benefit would guarantee a basic income floor. Critics warn it would weaken a program that most Americans view as earned insurance and could expose middle-income retirees and homeowners to greater financial risk.

Qualification is based on the lifetime cap, resulting in lower monthly payments when determining the debt-to-income ratio (DTI). Today's financial challenges in retirement require reimagined financial solutions built on choice and innovation. We reimagined asset-based lending using home equity. We spent several years designing this product and building a web-calc to provide customized quotes within seconds, said David Peskin, president and CEO of American Senior Lending.