In the News

Title

TIME Money: Reverse Mortgages Are ‘Surprising’ Option for Retirement Planning

Document Type

Article

Publication Date

10-11-2016

Abstract

There is a countless number of investment strategies retirees can use to plan for their financial future, but one method that has often been considered a last resort option may offer a “surprising” solution to retirement income planning, suggests a recent article from TIME Money.

“Despite a bad reputation, reverse mortgages, which let retirees tap their equity they have built up in their home, have become a better deal in recent years,” states the article written by TIME’s Penelope Wang, who points to the new book from Wade Pfau, director of retirement research at McLean Asset Management in McLean, Va.