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Pfau Advocates for Reverse Mortgages in Forbes

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Professor and reverse-mortgage advocate Wade Pfau explained home equity conversion mortgages to Forbes readers this week, noting the loans’ steady transition from options of last resort to a potential retirement-planning cornerstone.

Pfau, a professor of retirement income at the American College and the director of retirement research for McLean Asset Management, explains how taking out a HECM early can give retirees access to an increasing amount of credit over the life of the loan, and notes that it can relieve pressure on other, more volatile parts of a borrower’s overall retirement portfolio — helping him or her weather down markets.