Arrive Home Introduces Two New Earned Equity Products for Underserved Borrowers

Arrive Home has launched two new iterations of its Earned Equity Program, EEP Pathway and EEP DocLight, to expand access to homeownership for underserved borrowers. EEP Pathway is designed for ITIN and Visa status individuals, while EEP DocLight is intended for gig workers, first-time buyers, and those with non-traditional earnings. Both programs follow FHA guidelines with enhancements for accessibility and do not require a Social Security Number or FICO score. This innovation aims to help lenders serve ready-to-buy borrowers with confidence and increase homeownership rates.

PensionBee, a leading online retirement provider, has announced the launch of Simplified Employee Pension (SEP) IRAs on its digital platform. This new offering is designed specifically for self-employed individuals, addressing a critical need in the growing gig economy. By 2025, gig workers are expected to make up nearly 50% of the U.S. workforce, highlighting the urgency for tailored retirement solutions [1].

SEP IRAs offer a powerful vehicle for retirement wealth accumulation, allowing individual account owners to contribute up to 25% of their income, significantly higher than Traditional IRA limits. This higher contribution ceiling enables entrepreneurs to make up for periods of variable income and accelerate their retirement savings during profitable years [1].

The launch of SEP IRAs by PensionBee is a significant milestone in its mission to democratize retirement planning for all Americans, regardless of employment status. The company's platform now includes a robust offering of retirement account types, including Traditional, Roth, Safe Harbor, and SEP IRAs [1].

PensionBee's SEP IRA offers several key features:
- Consolidation of existing accounts: Users can transfer old retirement accounts into one manageable account.
- Higher contribution limits: SEP IRAs allow contributions of up to 25% or $70,000 of income.
- Human support: Easy setup and management with dedicated human support.
- Retirement planning tools: An in-app retirement calculator allows users to model various scenarios to work toward savings goals [1].

The addition of SEP IRAs to PensionBee's platform follows a broader trend of addressing the evolving needs of today's diverse workforce. The company plans to continue expanding its offerings with additional features and educational resources specifically designed for self-employed savers later this year [1].

References:
[1] https://finance.yahoo.com/news/pensionbee-launches-sep-iras-non-131400620.html