The hazards of securities-based lending as a source of retirement income
Wade D. Pfau
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.
Mercado, Darla, "The hazards of securities-based lending as a source of retirement income" (2015). In the News. 444.