Reverse Mortgages May Be Helpful in Retirement...If You Mind the Pitfalls

The American College of Financial Services
CNBC
July 13, 2020

With so many Americans thinking about how to ensure their comfortable retirement, some are considering reverse mortgages on their homes as an option to provide additional income, but it’s important to ask the right questions to make sure it’s the best option. 

RICP® program director Wade Pfau says money coming from reverse mortgages must be managed carefully, and has several potential strings attached. Read more of his take on reverse mortgages in retirement planning from CNBC.

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