We spend most of our working years accumulating savings for retirement and after that spending them carefully so they last. We need to spend a little more time managing the transition. Here’s how.
Reverse Mortgage
If you thought it was hard to grow a nest egg, try living off one in retirement. Here are seven ways to make what you have last the rest of your life.
Once widely seen as money of last resort, reverse mortgages are fast entering the mainstream. Increasingly, those approaching retirement view home equity as a key source of future income.
As traditional mortgage guidelines have tightened, the volume of reverse mortgages originated annually has increased 20-fold over the last decade. These mortgage giants were responsible for originating 43 percent of the nation’s reverse mortgages. Now they’ve left the business.
