An editorial at MarketWatch describes what the consideration of a reverse mortgage could mean for a senior borrower in retirement, in part citing CFPB research criticized by a retirement researcher and the industry’s trade association.
In part 2 of RMD’s interview with Shai Akabas, director of economic policy at the Bipartisan Policy Center (BPC), seniors’ collective unwillingness to take on additional debt is explored, as are policy differences on retirement issues between the current and previous presidential administrations.
RMD sat down with Shai Akabas, director of economic policy at the Bipartisan Policy Center (BPC), to discuss some of his perspectives on the retirement landscape, and how he feels home equity and reverse mortgages may fit into the equation for older Americans.
Columnist Liz Weston encourages seniors near the age of 70 to delay taking Social Security benefits until they reach that age, saying that “other resources” may be beneficial in delaying the taking of benefits. She has previously mentioned home equity as one such option.
Financial columnist and CFP Bill Harris writes about how a reverse mortgage can be used by a surviving spouse navigating potentially difficult financial waters after enduring a loss.
A financial professional tells seniors about methods for tapping into a home’s equity to fund retirement, and when making the choice would make sense in a new column at the Washington Post.
A study by researchers at the University of Southern California’s Center for Economic and Social Research, cited by the Boston College Center for Retirement Research, finds that American workers tend to overestimate the impact of Social Security benefits on retirement security. This could lead to a lack of sufficient savings later in life.
A reverse mortgage could allow some financial planners to help their clients avoid surcharges associated with Medicare benefits, according to an article at ThinkAdvisor.
A new article in a New York-area magazine describes four scenarios in which a reverse mortgage may be a good idea for some seniors to explore.
A reverse mortgage could be a cost-effective way for a senior to age in place in their own home, according to an article at MarketWatch authored by NextAvenue.