Older Americans face a housing crisis—and Congress has an opportunity to do something about it.
No: Retirement savings reform is not a hot topic for journalists, but it’s one of the few areas where Democrats and Republicans in Congress and President Trump could pull off some bipartisan reform when legislators reassemble in September.
Older Americans on fixed incomes face a housing crisis, and one part of that solution is retirement reform.
When Congress gets to gets back to business in the fall, they ought to consider how to help seniors stay in their homes as incomes decline or stop but mortgage payments stretch out into the future.
Retirement reform could allow seniors to pay off all or part of their home mortgage debt with money saved in their own retirement accounts without triggering taxes on the money used to do so.
Congress has an opportunity to take a big step toward solving one part of this problem.