Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. If ever you want to clear out a room, start a conversation about reverse mortgages.
This type of mortgage is ideal for many retirees because it provides flexibility and can even help them defer taking Social ...
Seniors approaching retirement (ideally) have a few sources of income to draw on, including Social Security and distributions from their investment accounts. But what if that’s not enough? Some older ...
We have discussed quite an array of retirement strategies here on SA; Dividend and growth stocks with great yields, annuities that could offer low risk and steady checks, selling covered calls on our ...
Reverse mortgages were the focal point of conversation at a recent gathering between several of the nation’s leading retirement researchers and finance policy experts at the Massachusetts Institute of ...
Home equity among people 62 and older reached an all-time high of more than $13 trillion late last year, coinciding with a record wave of people turning 65. That combination of housing wealth and ...
Financial advisors will be of greater help to their clients if they focus on a broad array of tools, including taking out a reverse mortgage, a Boston College study released in April finds. The study, ...
A lengthy retirement should be relatively stress-free, but as Americans live longer, the biggest worry today is whether they will outlive their money. “The challenge for people approaching retirement ...
Seniors are facing serious economic headwinds these days. Inflation is up, interest rates are high, and to make matters worse, the cost of medical care is rising, too. To combat all these challenges, ...
AAG has also developed a new information pack and DVD for seniors, their adult children and caregivers. The materials incorporate the most recent Home Equity Conversion Mortgage (HECM) loan program ...
Many Americans have used the reverse mortgage as a way to make retirement living more affordable. With the cost of healthcare and other living expenses dramatically rising in recent years, it’s no ...
Wade D. Pfau, Ph.D., CFA, is a professor of retirement income in the Ph.D. program in financial services and retirement planning at The American College in Bryn Mawr, PA. He is also a principal and ...