U.S. Census Bureau data shows an average married couple aged 65 years old has nearly 68 percent of their wealth tied up in their home equity. To this point, Jamie Hopkins, associate professor of ...
One option for people in such situations is to take out a reverse mortgage, which lets them draw on their home equity while ...
Question: “I have been toying with the idea of using some of my 401(k) money to secure my mom’s house. My mom took out a reverse mortgage but exhausted her access once it reached $560,000. The home ...
For many seniors, one of the biggest concerns when approaching retirement is what to do with their home. Two of the most common options are taking out a reverse mortgage or selling their home outright ...
On this episode of The Long View, Don Graves, president and founder of the Housing Wealth Institute and an instructor of retirement income at The American College of Financial Services, and Wade Pfau, ...
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