How to Use Reverse Mortgages to Secure Your Retirement
When comparing strategies for coordinating home equity with portfolio distributions to generate retirement income, the tenure option fairs well and is an appealing option. As a way to fund retirement efficiency improvements, using the tenure payment option from the line of credit as an alternative to purchasing an income annuity (such as a single-premium immediate annuity – SPIA – or a deferred-income annuity – DIA) is worth exploring further.
Pfau, Wade D. PhD, "How to Use Reverse Mortgages to Secure Your Retirement" (2016). Faculty Publications. 610.