“Retirees From Market Downturns: New Study,” by Jane Wollman Rusoff, ThinkAdvisor
“It’s time to stop viewing reverse mortgages as simply a means of last resort for mass-affluent retirees running out of money, according to Phil Walker, vice president of strategic partnerships at Finance of America Reverse. They can be used as a strategy for risk mitigation while at the same time growing investment portfolios, he argues. … Titled “To Reduce the Risk of Retirement Portfolio Exhaustion, Include Home Equity as a Non-correlated Asset in the Portfolio,” the white paper shows how tapping home equity with a reverse mortgage offers the most benefit for mass-affluent retirees.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
The creative use of reverse mortgages has an important role to play today, but when government has to back off from long-term care financing, home equity conversion, especially reverse mortgages, will become the dominant funding source for long-term care.
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