Reverse mortgages are key to financial security for seniors

Reverse mortgages are key to financial security for seniors

Reverse mortgages are key to financial security for seniors

Reverse mortgages are key to financial security for seniors

USA Today, Robert Powell, May 31, 2017

Reverse mortgages are key to financial security for seniors.

USA Today retirement contributor Robert Powell writes that home equity and retirement accounts, such as 401(k)-type plans and IRAs, are key to most families’ financial asset and—by extension—retirement security. In his article, Want financial security? Home equity and retirement accounts are key, Powell interviewed Randy Bruns, a private wealth adviser with HighPoint Planning Partners, who said a reverse mortgage is an important tool in the retirement-income toolbox. “Reverse mortgages have become a critical components of retirement planning,” commented Bruns. “Reverse mortgage line of credit can greatly reduce sequence of return risk by providing timely access to cash, so you won’t have to sell investments until after markets have recovered.