In the News

Title

The hazards of securities-based lending as a source of retirement income

Document Type

Article

Publication Date

2-11-2015

Abstract

Securities-based lending is emerging as a possible way to fund short-term expenses in retirement, but experts warn that advisers ought to use abundant caution when working with this strategy. Securities-based lending allows clients to tap a line of credit by pledging a portfolio of assets in a taxable account as collateral to a bank.