In the News

Title

Americans fail quiz on top retirement assets

Document Type

Article

Publication Date

6-9-2016

Abstract

According to a new research report from The American College of Financial Services, Americans moving into retirement don’t have a good understanding of how to effectively use home equity as an income source in retirement. The report surveyed over 1,000 people aged 55-72 with at least $100,000 in investable assets and $100,000 in home equity to determine their feelings on housing in retirement and test their knowledge with a 10-question true or false literacy quiz on reverse mortgages, which can be taken here.