The recent legislation that effects 73 million seniors presently receiving Social Security checks was passed by Congress and signed by the President July 4, 2025. Although the changes are many and the impact extensive the following is a small synopsis hopefully that can be inserted into the script demonstrating the value of a Reverse Mortgage. The bill is known in media as the One Big Beautiful Bill Act (OBBBA).
The nonpartisan Committee for a Responsible Federal Budget (CRFB) estimates the tax changes in the bill will lower revenue enough to accelerate the insolvency rate for the Social Security trust fund that pays benefits to 73 million recipients. The CRFB`s analysis indicates the automatic cut will occur in 2032 and will be 24% across the board. For a retiree presently receiving a monthly benefit of $1976, 24% amounts to $474 per month, lowering the monthly check to just $1502.
The OBBBA enacts the largest funding cuts to Medicaid in the program’s history with estimates ranging from $793 billion to $1.02 Trillion over ten years. The CRFB projects these cuts will cause more than 10 Million people to lose their coverage by 2034.
The OBBBA targets the Supplemental Nutrition Assistance Program (SNAP) By over $200 Billion over the next decade. These changes are projected to increase food insecurity and hardships for millions with disabilities who rely on these programs to meet their basic needs.
WITH THE REVERSE MORTGAGE USING THE EQUITY IN YOUR HOME THIS IS WHAT IS AVAILABLE TO HOMEOWNERS WHO ARE SENIORS, 62+
THE CURRENT MONTHLY MORTGAGE PAYMENT: REVERSED
THE CURRENT MONTHLY REAL ESTATE TAXES PAYMENT: REVERSED
THE CURRENT MONTHLY INSURANCE PAYMENT: REVERSED
WHEN THE SOCIAL SECURITY PAYMENT IS REDUCED IN 2032, FUNDS PLACED IN CREDIT LINE NOW, CAN BE CONVERTED TO MONTHLY PAYMENTS REPLACING THE SHORTAGE FOR YOUR LIFETIME.
CALL JOE NOW AND SCHEDULE A FREE CONSULTATION, EVERY MINUTE COUNTS AS WE DO WHAT IS BEST FOR YOUR PRESENT AND FUTURE PEACE OF MIND.
