The reverse mortgage is no longer the “loan of last resort.” Financial planners are increasingly seeing it as a viable and dynamic tool to hedge against the future, which for all of us, is full of unknown possibilities.
Shelley Giordano, chair of the Funding Longevity Task Force, said that even at a slower growth rate, the reverse mortgage is still a powerful financial tool for ensuring[...]
“Reverse mortgages, which let retirees tap the equity they have built up in their homes, have become a better deal in recent years. And they can be valuable as part of your overall financial plan for retirement,” says researcher Wade Pfau, author of a new book, Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement.
Pfau, professor of retirement income at the American[...]
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