February 16, 2020
Economists Are Gloomy!? Many feel a recession is coming.
Wharton Business School’s Olivia S Mitchell recently addressed the challenges of retirement, especially for retirees. Key steps: First, “try to put together a summary budget” and “make sure you have an emergency fund.”
Academy member Tom Davison discusses the benefits of reverse mortgages for retirees and the various ways they are beneficial for consumers.
Find the full article here.
By Eileen Ambrose and Sandra Block on August 29, 2019
“These money-generating tactics will help retirement savers enjoy their Golden Years without stressing over cash.”
Check out this article with the Academy’s very own Shelley Giordano here!
by Wade Pfau, Ph.D., CFA
Originally published at Forbes
A mortgage’s effective rate is applied not just to the loan balance, but also to the overall principal limit, which grows throughout the duration of the loan. How the effective rate is applied may sound technical, but it is an overwhelmingly important point to understand in order to grasp the value of opening a line of credit as early as possible.
Full story at
https://retirementresearcher.com/how-does-the-line-of-credit-for-a-reverse-mortgage-work/
by Wade Pfau, Ph.D., CFA
Originally published at Forbes
Most current HECM reverse mortgages use an adjustable interest rate, which allows the proceeds from the reverse mortgage to be taken out in any of these four ways or a combination thereof…
Full story at
https://retirementresearcher.com/spending-options-for-a-reverse-mortgage/