Reverse Mortgages
News, insights and expert analysis on reverse mortgages from the team at Kiplinger.
A reverse mortgage is a loan on your house that lets you tap your home equity. Like a cash advance, a bank fronts you the money and you have to repay it, with accrued interest, at the end of the loan period. If you’re considering a reverse mortgage, there’s a lot you need to know before signing on the dotted line. There are costs associated with a reverse mortgage, interest and fees, that accumulate during the term. Start with our guide to everything you should know about reverse mortgages, then work your way through our other features, guides and news stories.
Latest
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Does Your Retirement Plan Ignore Half of Your Net Worth?Including your housing wealth in your retirement plan can lead to higher lifetime income and a larger legacy than a plan based on selling the home for the cash.
By Jerry Golden, Investment Adviser Representative
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Financial Fact vs Fiction: The Truth About Social Security Entitlement (and Reverse Mortgages' Bad Rap)Despite the 'entitlement' moniker, Social Security and Medicare are both benefits that workers earn. And reverse mortgages can be a strategic tool for certain people. Plus, we're setting the record straight on three other myths.
By Scott McClatchey, CFP®
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A Guide to Personalizing Your Retirement Plan for Maximum ImpactThis strategy challenges conventional retirement rules of thumb by combining traditional savings, home equity and annuities to provide higher income and liquid savings and help cover long-term care costs.
By Jerry Golden, Investment Adviser Representative
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Home Equity Evolution: A Fresh Approach to Funding Life's Biggest NeedsHomeowners leverage their home equity through various strategies, such as HELOCs or reverse mortgages. A newer option: Shared equity models. How do those work, and what are the pros and cons?
By Craig Corn
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Your Home + Your IRA = Your Long-Term Care SolutionIf you're worried that long-term care costs will drain your retirement savings, consider a personalized retirement plan that could solve your problem.
By Jerry Golden, Investment Adviser Representative
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What if You Could Increase Your Retirement Income by 50% to 75%? Here's HowCombining IRA investments, lifetime income annuities and a HECM into one plan could significantly increase your retirement income and liquid savings compared to traditional planning.
By Jerry Golden, Investment Adviser Representative
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What the HECM? Combine It With a QLAC and See What HappensCombining a reverse mortgage known as a HECM with a QLAC (qualifying longevity annuity contract) can provide longevity protection, tax savings and liquidity for unplanned expenses.
By Jerry Golden, Investment Adviser Representative
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Reverse Mortgages: 10 Things You Must KnowMortgages Reverse mortgages can be complicated so it’s imperative that you understand how the loan is repaid, the monthly costs and potential scams to look out for.
By Donna LeValley
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How to Create a Retirement Plan That Checks All Your BoxesYou might consider starting with a model retirement plan that has already been assembled and is ready to be refined to meet your objectives.
By Jerry Golden, Investment Adviser Representative
