Turning a Reverse Mortgage into a Retirement Investment Tool

Most people think of reverse mortgages as just standalone loans. But some financial experts are seeing them as an investment strategy that lets people stay in their homes as they age.

real estate agent calculates sales data
(Image credit: Getty Images)

Pulling the equity out of your house through a reverse mortgage seems to fly in the face of the American dream of proudly living in a fully paidup home. That, combined with the sketchy reputation reverse mortgages have sometimes had, is why most people are wary of pursuing these loans.

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Contributing Writer, Kiplinger's Personal Finance

Alina Tugend is a long-time journalist who has worked in Southern California, Rhode Island, Washington, D.C., London and New York. From 2005 to 2015, she wrote the biweekly Shortcuts column for The New York Times business section, which received the Best in Business Award for personal finance by the Society of American Business Editors and Writers. Her work has appeared in numerous publications, including The Times, The Atlantic, O, the Oprah Magazine, Family Circle and Inc. magazine. In 2011, Riverhead published Tugend's first book, Better by Mistake: The Unexpected Benefits of Being Wrong.