The Case for Reverse Mortgages
What financial term do you wish those nearing retirement better understood? Reverse mortgage. Reverse mortgages have received a bad reputation, but recent research has demonstrated how financially responsible individuals can improve their retirement sustainability with a reverse mortgage. The issue is that financial services are still mostly focused on wealth accumulation, and there is still a need for greater recognition about how retirement income requires a whole new host of tools as people seek to transform their pot of assets into an income for life.
Pfau, Wade, "The Case for Reverse Mortgages" (2014). Faculty Publications. 119.