How reverse mortgages work as a source of retirement income
The following is an excerpt from “Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement” (Retirement Researcher Media, 2016). Mr. Pfau is a professor of retirement income at The American College, director of retirement research at McLean Asset Management and chief planning strategist at inStream Solutions.If, after your clients have considered other housing options, they decide to remain in an eligible home or to move into a new eligible home, you may want to have them consider a Home Equity Conversion Mortgage (HECM).
Pfau, Wade D. PhD, "How reverse mortgages work as a source of retirement income" (2016). Faculty Publications. 672.