In the News

Title

WSJ: Don’t Hate Reverse Mortgages, Hate Their Former Self

Document Type

Article

Publication Date

3-21-2016

Abstract

As reverse mortgages have changed over the years to become relatively safer and more effective retirement planning tools than they were once considered to be in the past, their criticism should not be directed at the product itself, but rather at their irresponsible use, says a recent article published by The Wall Street Journal.

A decade ago most financial advisers would scoff at the idea of suggesting reverse mortgages for their clients, writing-off these products as solutions only necessary for the financially ill-prepared.